Sub-federal / municipal · RU000A105ND0
Kaliningrad region 35007
RU000A105ND0
14.42%
yield to maturity
Price
95.31%
965 ₽ with accrued interest
Coupon
10.30%
4×/yr
Maturity
13.12.2029
term 3.1 y
Duration
1.4 y
price −1.2% per +1 pp of rate
Daily turnover
209.6 k ₽
30-day average
Credit risk
ruAA-
Expert RA · low
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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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).
Expected income and buffer · for the year
Over the key rate+42 bp
Roll-down (year)+0.43%
Expected income+14.85%
Safety buffer+1199 bp
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.
Issuer credit qualitycredit risk and the issuer's debt on the exchange
Credit risk
Low
issuer rating AA- · Expert RA
Default probability
≈ 0.07%
per year, by issuer rating
Risk-adjusted yield
14.37%
−5 bp for expected losses
Issuer debt on the exchange
2.6 bn ₽
3 issues
Due within a year
23%
of exchange debt, maturities and puts
Cost of debt
8.87%
market 15.14%
Issuer debt maturities by year
2027600.0 mn
20281.5 bn
2029500.0 mn
FairValue score
Attractiveness score40/100
How the score is built
Cheap vs norm
no signal
—
weight 15%
Cheap vs group
no signal
—
weight 15%
Safety buffer
38
weight 25%
Liquidity
10
weight 25%
Credit quality
63
weight 20%
Peerssimilar bonds of other issuers
Similar issues
Other issuers' bonds with a fixed coupon, close in maturity and rating
Novosibirsk region 35022
matures 11.2028 · AA-
13.37%
Samara Region 34016
matures 12.2028 · AA
15.55%
Republic of Bashkortostan34014
matures 12.2027 · AA+
14.71%
Novosibirsk region 34024
matures 08.2029 · AA-
15.77%
History and alternativewhat the bond returned in the past and a comparison with a deposit
A bond or a deposit?
This bond
14.4%
the rate is fixed for 3.1 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 1.4 pp above the deposit rate. The bond's rate is fixed until maturity: if the Bank of Russia cuts the key rate, rates on new deposits and the liquidity fund yield will fall, while the bond's income will stay the same.
A pre-tax comparison. Bond coupons are taxed at 13% personal income tax, but with 3+ years of holding the gain to par is exempt (long-term holding relief) — see the “After-tax yield” row in the bond parameters (≈ 12.4%). Deposit interest is taxed above a tax-free allowance; a liquidity fund qualifies for the long-term holding relief after 3 years.
Issue parametersterms, buying now, yields and spreads
Terms
Coupon10.30% a year · 4 payments/yr
Coupon, ₽25.68
Par1 000 ₽
Maturity13.12.2029 · 3.1 y
Issue
Listing level2
Issue size500.0 mn ₽
Lot1 units
Buying now
Order book95.01 / 95.30%spread 0.29% (≈20 bp of yield)
Cost of entry≈ 152 ₽ per 100,000 ₽ · quote 27.10 20:00
Accrued interest, ₽11.57 as of 28.10.2026
Trades today1 · turnover 2.9 k ₽
Yields
Current yield10.81%
Simple yield7.13%
After-tax yield12.43% / 12.12% at 15%
- with the long-term holding relief (3+ years)12.77%
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).