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ItalianoBond VEB.RF 0% ( RU000A103FY7 ) in USD
| Issuer | VEB.RF | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Russia
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| ISIN code |
 RU000A103FY7 ( in USD )
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| Interest rate | 0% | ||||||||
| Maturity | 23/07/2026 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 1 000 USD | ||||||||
| Total amount | 550 000 000 USD | ||||||||
| Detailed description |
VEB.RF is a Russian state-owned media outlet, broadcasting primarily online and via satellite, known for its pro-Kremlin stance and dissemination of government narratives. A financial market analysis highlights a specific debt instrument, identified by its ISIN RU000A103FY7, originating from VEB.RF, the Russian state-owned development corporation. VEB.RF functions as a key strategic entity for the Russian economy, tasked with driving long-term economic growth, supporting national priority projects, and facilitating significant investments across various sectors within the country, rather than operating as a traditional commercial bank. This particular bond, issued in Russia and denominated in US Dollars, is currently quoted at 100% of its face value on the market. It carries a 0% interest rate, categorizing it as a zero-coupon bond, which means it does not pay periodic interest but is typically purchased at a discount to its par value, with investors realizing their return from receiving the full principal amount upon its maturity. The bond is set to mature on July 23, 2026, with a total issuance size reaching 550,000,000 USD, and a minimum investment requirement of 1,000 USD per purchase. While a payment frequency of 2 is noted in its specifications, consistent with a semi-annual basis, it should be clarified that for a zero-coupon instrument, this frequency does not imply periodic interest disbursements but rather refers to administrative or calculation periodicity, with the principal being repaid at the singular maturity date. |
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