FX / eurobonds · RU000A105A87

Sovcomflot ZO-2028

RU000A105A87

Fixed

9.54%

yield to maturity

Price 92.51% 925 USD with accrued interest

Coupon 3.85% 2×/yr

Maturity 26.04.2028 term 1.5 y

Duration 1.5 y price −1.3% per +1 pp of rate

Premium over replacement bonds +141 bp replacement sovereigns in USD

Credit risk ruAAA Expert RA · low

Price and premium over OFZhow the bond has traded and how much it pays over OFZ

Bond price, % of par

Incomewhat your investment will earn and when payments arrive

Yield calculator

Investment amount, USD Or quantity, units Broker fee, % Purchase price, % Yield to maturity, % Premium over replacement bonds, bp

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Effective YTM under the MOEX convention (ACT/365). The fair price discounts the cash flows at the yield of a comparable credit class (a reference point).

Cash flows

Date	Coupon, USD	Principal, USD	Total, USD

Coupon payments and principal repayment by date for one bond. On the chart, coupons use the left axis and face value the right one.

Issuer credit qualitycredit risk and the issuer's debt on the exchange

Credit risk

Low

issuer rating AAA · Expert RA

Default probability≈ 0.02% a year

Issuer debt on the exchange46.94 bn ₽ 2 issues

Of which in foreign currency46.94 bn ₽ 2 issues · USD

Due within a year0%

Risk-adjusted yield

9.53%

without the adjustment — 9.54%: expected default losses reduce the yield by 1 bp (1 bp = 0.01 pp)

The probability of default is 0.02% a year: the historical average for this rating. In a default, holders recover 30% of face value on average.

What the spread over replacement bonds is made of

Expected loss 1 bp Exit cost 11 bp Risk premium 129 bp

Peerssimilar bonds of other issuers

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NOVATEK 001P-03

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Compare with another bond

Whether to swap Sovcomflot ZO-2028 for another issue - we compare yield (including after tax), credit risk, duration and liquidity

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Sovcomflot ZO-2028 and peers: yield × term

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Historywhat the bond returned in the past

Issue parametersterms, buying now, yields and spreads

Terms

Coupon3.85% a year · 2 payments/yr

Coupon, USD19.25

Par1 000 USD

Maturity26.04.2028 · 1.5 y

Issue

Listing level3

Issue size382.8 mn USD

Lot1 units

Buying now

Order book92.55 / 92.87%spread 0.326% (≈22 bp of yield)

Cost of entry≈ 176 ₽ per 100,000 ₽ · quote 27.10 20:00

Accrued interest, USD0.2115 as of 28.10.2026

Average daily turnover20.7 mn ₽

Trades today31 · turnover 9.3 mn ₽

Yields

Current yield4.16%

Simple yield9.57%

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).