Bond VTBank 0% ( RU000A103J31 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A103J31 ( in RUB )
Interest rate	0%
Maturity	07/10/2027
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Minimal amount	1 000 RUB
Total amount	1 000 000 000 RUB
Detailed description	VTB Bank is a major Russian state-owned bank offering a wide range of financial services including corporate and retail banking, investment banking, and asset management, both domestically and internationally. An interesting financial instrument for investors seeking exposure to the Russian market is the bond identified by ISIN RU000A103J31. This bond is issued by VTB Bank, one of Russia's largest and most significant financial institutions. As a state-owned universal bank, VTB plays a crucial role in the Russian banking sector, offering a comprehensive range of banking services to corporate clients, retail customers, and financial institutions, reinforcing its systemic importance within the national economy and beyond. The instrument, categorized as a bond, carries the unique identification code ISIN RU000A103J31, with its issuance jurisdiction being Russia, aligning with the issuer's primary operational base. Notably, this bond is structured as a zero-coupon instrument, featuring a stated interest rate of 0%, which implies that investors will not receive periodic interest payments throughout the bond's life, with any return derived from the difference between its purchase price and the principal amount received at maturity; currently, the bond is trading at 100% of its nominal value on the market, meaning investors are acquiring it at par. Denominated in Russian Rubles (RUB), the bond's total issuance size is substantial, amounting to 1,000,000,000 RUB, and the minimum investment threshold for potential purchasers is set at 1,000 RUB, making it accessible to a broader range of investors. The maturity date for this bond is October 7, 2027, providing a defined horizon for the principal repayment, and with a payment frequency of 1, this likely refers to the single principal repayment at maturity, consistent with its zero-coupon structure.