Bond Sber 0% ( RU000A104FL2 ) in RUB

Issuer	Sber
Market price	100 % ⇌
Country	Russia
ISIN code	RU000A104FL2 ( in RUB )
Interest rate	0%
Maturity	26/02/2027
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 RUB
Total amount	1 000 000 000 RUB
Detailed description	Sberbank is Russia's largest bank, offering a wide range of financial services including retail banking, corporate banking, and investment banking. A new financial instrument from Russia's largest bank, Sberbank, is currently attracting market attention. This particular bond, identified by ISIN code RU000A104FL2, offers a unique set of characteristics within the Russian debt market. Sberbank, the issuer, stands as the predominant financial institution in Russia, holding a significant state-owned stake. It operates as a universal bank, providing a wide range of services to retail and corporate clients across the country and increasingly, internationally, particularly in Central and Eastern Europe. Its robust position in the Russian financial system makes it a key player in the nation's economic landscape. The bond itself is denominated in Russian Rubles (RUB) and has an impressive total issue size of 1,000,000,000 RUB. While currently trading at 100% of its par value on the market, a notable feature of this instrument is its zero-coupon nature, meaning it carries a 0% interest rate. Investors therefore do not receive periodic interest payments. Instead, the return on this bond, if purchased below par, would stem from the difference between the purchase price and the face value received at maturity. The bond is set to mature on February 26, 2027, with a principal repayment frequency of one, signifying the single principal payment at the end of its term. The minimum purchase size for investors is set at 1,000 RUB, making it accessible to a broader range of participants. This instrument reflects a specific investment strategy within the fixed-income landscape, catering to those seeking a pre-defined principal repayment at maturity without interim cash flows.