Bond VTBank 0% ( RU000A108M07 ) in RUB

Issuer	VTBank
Market price	100 % ▲
Country	Russia
ISIN code	RU000A108M07 ( in RUB )
Interest rate	0%
Maturity	01/01/2026 - Bond has expired
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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. A recent development in the fixed income market concerns the bond with ISIN RU000A108M07, which has reached its maturity and been fully redeemed. This particular debt instrument was issued by VTB Bank, a major Russian financial institution that stands as one of the largest universal banks in the country, providing a comprehensive range of banking services to corporate, institutional, and retail clients. The bond, denominated in Russian Rubles (RUB), had a total issue size of 1,000,000,000 and matured precisely on January 1, 2026. A distinctive characteristic of this issuance, originating from Russia, was its stated interest rate of 0%, implying it functioned either as a zero-coupon bond, where investors' yield is realized from the discount at which the bond was initially purchased relative to its par value at redemption, or as a specific structure designed for principal repayment only. Upon its maturity, the bond was successfully redeemed at 100% of its nominal value, ensuring the full return of principal to all bondholders.