Bond VTBank 0% ( RU000A103UK5 ) in RUB

Issuer	VTBank
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A103UK5 ( in RUB )
Interest rate	0%
Maturity	01/01/2024 - Bond has expired
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Minimal amount	1 000 RUB
Total amount	50 000 000 000 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. The financial landscape recently marked the successful maturity and full redemption of a specific debt instrument, identified by the ISIN code RU000A103UK5, issued by VTB Bank. As a cornerstone of the Russian financial system, VTB Bank stands as one of the largest and most influential banking groups within the country, holding a significant state-controlled share. Its operations encompass a comprehensive range of banking services, including corporate banking, retail services, and investment banking, playing a pivotal role in supporting Russia's economic development and capital markets. The bank maintains a broad domestic and international presence, solidifying its position as a key financial intermediary. This particular bond, originating from Russia, was denominated in Russian Rubles (RUB) and represented a substantial total issuance size of RUB 50,000,000,000. Notably, the instrument featured a zero percent interest rate, classifying it as a zero-coupon bond where investors anticipated receiving their return solely through the redemption of the principal at maturity, rather than through periodic interest payments. The minimum acquisition size for this offering was set at RUB 1,000, making it accessible to a variety of investors. With a scheduled maturity date of January 1, 2024, the bond has officially reached this milestone. Consistent with its terms, the obligation was fully reimbursed to its holders, with its market price at redemption recorded at 100%, affirming the complete repayment of the principal amount upon maturity.