Bond VTBank 0% ( RU000A103QU2 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A103QU2 ( in RUB )
Interest rate	0%
Maturity	01/01/2024 - Bond has expired
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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 analysis of the recently matured bond, identified by ISIN RU000A103QU2, issued by the prominent Russian financial institution VTB Bank, offers insights into its structure and lifecycle within the debt capital markets. VTB Bank, headquartered in Russia, stands as a leading universal commercial bank, playing a pivotal role in the country's financial landscape by providing a comprehensive array of banking services to corporate, institutional, and retail clients, underscored by its significant state ownership and strategic importance to the national economy. This specific debt instrument, denominated in Russian Rubles (RUB), was notable for its total issue size of 1,000,000,000 RUB and a minimum purchase size of 1,000 RUB, making it accessible to a diverse investor base. A key characteristic of this bond was its stated interest rate of 0% and a payment frequency of 1, which typically indicates a zero-coupon bond structure where the return to investors is realized through the difference between the discounted purchase price and the full face value repaid at maturity. The bond reached its scheduled maturity date on January 1, 2024, and as reported, it was fully repaid, reflecting a 100% reimbursement of the principal amount to bondholders, thereby confirming the successful completion of its financial obligation and its subsequent removal from active trading.