Bond VTBank 0% ( RU000A1072E1 ) in RUB

Issuer	VTBank
Market price	100 % ▲
Country	Russia
ISIN code	RU000A1072E1 ( 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. VTB Bank, a prominent Russian financial institution with significant state ownership and a key player in the country's banking sector, has issued a specific debt instrument identified by the ISIN code RU000A1072E1. This obligation, originating from Russia, is currently trading at 100% of its par value, reflecting its present market valuation. A distinctive feature of this bond is its 0% interest rate, classifying it as a zero-coupon bond, meaning investors' returns are derived from the discount at which the bond was initially purchased relative to its face value at maturity. Denominated in Russian Rubles (RUB), the bond represents a total issue size of 1,000,000,000 RUB, indicating a substantial capital raising effort by the issuer. The instrument is set to mature on January 1, 2026, at which point the full principal amount will be repaid to bondholders. Its stated payment frequency of 1 aligns with the characteristics of a zero-coupon bond, where the sole "payment" received by the investor is the principal at maturity.