Corporate · RU000A1014J2

Bank VTB T2-3

RU000A1014J2

Floater Subordinated
19.46%
yield under the scenario (implied)
the bond barely trades - the yield may be out of date
Price 99.00% 10 673 726 ₽ with accrued interest
Coupon 18.22% the issuer sets the rate
Maturity 21.05.2030 term 3.6 y
Duration 2.6 y coupon is reset
Daily turnover 478.6 k ₽ 30-day average
Credit risk no rating no data
Price and spread over the ratehow the bond traded and how much it pays over the base rate
Bond price, % of par
Incomewhat your investment will earn and when payments arrive
Yield calculator
Bonds for the amount—
Purchase price per unit (with accrued interest)—
Investment amount—
Fee—
Coupon income to maturity—
Principal repayment—
Total profit—
If the margin changes: price sensitivity and stress
Price at ±1 pp of margin?—
Stress on margin?
bp of margin
Price, %—
Change—
Position P&L—
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Effective YTM under the MOEX convention (ACT/365). The floater's coupons are projected under the "implied" scenario - the yield is indicative.
Floating coupon
Coupon basethe issuer sets the rate
The issuer sets the coupon rate before each period; it is not tied to the key rate or RUONIA. That is why the premium over the base and the discount margin are not calculated for this issue: there is nothing to compare with. Only the current period's rate is known - it is shown below, and the yield to maturity depends on what rates the issuer sets next.
Current coupon rate18.22%
How the coupon is calculated. The coupon floats but the base is undefined: the rate history explains it neither by the key rate nor by RUONIA - the link is set out in the issue decision (it may be inflation, an OFZ yield for the term, or an issuer decision). Paid twice a year.
Coupon scenario? Flat · Implied
Upcoming coupons
24.11.2026908504.11 ₽ (18.22%)
25.05.2027908504.11 ₽ (18.22%)
23.11.2027908504.11 ₽ (18.22%)
23.05.2028908504.11 ₽ (18.22%)
21.11.2028908504.11 ₽ (18.22%)
22.05.2029908504.11 ₽ (18.22%)
20.11.2029908504.11 ₽ (18.22%)
21.05.2030908504.11 ₽ (18.22%)
Issuer credit qualitycredit risk and the issuer's debt on the exchange
Credit risk?
no rating
default probability not assessed
Issuer debt on the exchange1.03 tn ₽ 191 issues
Of which in foreign currency108.85 bn ₽ 8 issues · EUR, USD
Due within a year33%
Cost of rouble debt?15.97% market 18.10%
Issuer debt maturities by year?
2026134.1 bn
2027208.1 bn
202815.8 bn
2029101.4 bn
203056.5 bn
2031112.5 bn
2032609.3 mn
in roublesin FX, at the Bank of Russia rate
From 2035 onwards — another 49.1 mn ₽. Issues with a put are assigned to the put date rather than to maturity.
Peerssimilar bonds of other issuers
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Bank VTB T2-3 and peers: yield × term
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Historywhat the bond returned in the past
Issue parametersterms, buying now, yields and spreads
Terms
Coupon18.22% a year · the issuer sets the rate · 2 payments/yr
Coupon, ₽908504.11
Par10 000 000 ₽
Maturity21.05.2030 · 3.6 y
Issue
Listing level3
Issue size?20 bn ₽
Lot1 units
Buying now
Order book?99.00 / 100.00%spread 1.0% (≈39 bp of yield)
Cost of entry?≈ 503 ₽ per 100,000 ₽ · quote 27.10 20:00
Accrued interest, ₽?773726.02 as of 28.10.2026
Trades today2 · turnover 19.8 mn ₽
Yields
After-tax yield?16.43% / 15.97% at 15%
- with the long-term holding relief (3+ years)?16.46%
Spreads and valuation
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).

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