Bond VTBank 0% ( RU000A103TX0 ) in RUB

Issuer	VTBank
Market price	100 % ▲
Country	Russia
ISIN code	RU000A103TX0 ( in RUB )
Interest rate	0%
Maturity	01/01/2026
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Minimal amount	/
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. This financial instrument, identified by the ISIN code RU000A103TX0, is a bond issued by VTB Bank, a prominent state-controlled financial institution and the second-largest bank in Russia by assets, playing a significant role across corporate, retail, and investment banking sectors. Denominated in Russian Rubles (RUB), this specific debt security represents an issuance with a total size of 1,000,000,000 RUB. The bond is currently traded on the market at 100% of its par value. A distinctive feature of this offering is its stated 0% interest rate, indicating that it does not provide periodic coupon payments to investors. With a payment frequency listed as 1, this typically implies a single principal repayment at maturity, characteristic of a zero-coupon bond or a bond with no coupon where any investor return would ordinarily stem from a discount at the time of issuance. The bond is set to mature on January 1, 2026, and is issued from Russia, thereby exposing it to the economic and regulatory conditions of the country.