Corporate · RU000A0ZZZZ2
Samolet Group BO-P04
RU000A0ZZZZ2
23.82%
yield to worst (YTW)
the bond barely trades - the yield may be out of date
Price
98.13%
1 000 ₽ with accrued interest
Coupon
17.00%
4×/yr
Put/call
23.03.2027
2.1 y to maturity
Duration
0.4 y
price −0.3% per +1 pp of rate
Daily turnover
—
no data for 30 days
Credit risk
BBB(RU)
ACRA · moderate
Price and yieldhow the bond has traded
Bond price, % of par
Incomewhat your investment will earn and when payments arrive
Yield calculator
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If rates change: duration, convexity, stress
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bp yield
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Effective YTM under the MOEX convention (ACT/365). The calculation runs to the put (23.03.2027) - redemption at par on the put date; coupons after the put have not been announced yet. The fair price discounts the cash flows at the yield of a comparable credit class (a reference point).
Cash flows
| Date | Coupon, ₽ | Principal, ₽ | Total, ₽ |
|---|
Coupon payments and principal repayment by date for one bond. On the chart, coupons use the left axis and face value the right one. Coupons from 17.06.2027 have not been announced and are shown at the current rate as a forecast.
A bond or a deposit?
This bond
23.8%
the rate is fixed for 0.4 y
Deposit
13.1%
top-10 banks, decade 2 of October 2026
Liquidity fund
13.6%
floats with the CBR key rate
The yield is 10.8 pp above the deposit rate, and that difference is payment for the issuer's credit risk: a deposit is insured by the DIA (up to 1.4m ₽), a liquidity fund invests in short risk-free instruments, and a bond can default. The issue's credit assessment is in the credit risk traffic light above.
A pre-tax comparison. Bond coupons are taxed at 13% personal income tax — see the “After-tax yield” row in the bond parameters (≈ 19.8%). Deposit interest is taxed above a tax-free allowance; a liquidity fund qualifies for the long-term holding relief after 3 years.
Issuer credit qualityrating, financials, debt and default-risk adjustment
Credit risk
Moderate
issuer rating BBB · default probability ≈ 0.50%/yr
Altman Z″ 0.54 · Distress
issuer balance sheet · RAS 2025 · not representative for a holding company
1.3
21
1.8
22
0.6
23
1.4
24
0.5
25
over 2021-2025 the change is -0.71, no sustained trend
Interest coverage0.3×
Liabilities to equity21.9×
Return on sales96.2%
Figures are from the issuer's RAS statements for 2025. RAS covers a single legal entity without its subsidiaries. If the issuer is a holding company, the main business is run by subsidiaries, and the group's position is better reflected in consolidated IFRS statements.
Group financials and issuer debt
Group, IFRS
| 2025, actual | 2026, forecast | |
|---|---|---|
| Revenue | 367 | 268 |
| EBITDA | 125 | 25.4 |
| Net profit | −1.7 | −31.6 |
| Net debt / EBITDA | — | 16.7× |
RUB bn. The forecast is a FairValue estimate, not the issuer's reporting. Full financials are on the SMLT share page
The issuer's debt outstanding
Circulating104.88 bn ₽
Issues15
Due within a year74%
Cost of debt20.65% market 77.94%
2026
2027
2028
2029
2030
2031
Issues with a put are assigned to the put date rather than to maturity.
Risk-adjusted yield
23.38%
without the adjustment — 23.82%: expected default losses reduce the yield by 44 bp (1 bp = 0.01 pp)
The probability of default is 0.50% a year: the historical average for this rating. In a default, holders recover 30% of face value on average.
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Historywhat the bond returned in the past
Issue parametersterms, buying now, yields and spreads
Terms
Coupon17.00% a year · 4 payments/yr
Coupon, ₽42.38
Par1 000 ₽
Maturity14.12.2028 · 2.1 y
Put/call23.03.2027
Issue
Listing level3
Issue size500.0 mn ₽
Lot1 units
Buying now
Accrued interest, ₽19.09 as of 28.10.2026
Trades today0
Yields
Current yield17.32%
Simple yield21.67%
Yield to maturity if the 17.00% rate holds19.32%
After-tax yield19.76% / 19.15% at 15%
Spreads and valuation
Spreadsnot shown
MOEX ISS data. Not an individual investment recommendation. Yields, spreads and the fair price are calculated from the exchange quote and are for reference: a real trade goes through at the order book price and depends on the issue's liquidity. The calculations exclude broker and exchange fees; tax is shown on a separate line and simplified (no accrued interest at purchase).