Corporate · RU000A1075E4
MTS 002P-01
RU000A1075E4
16.53%
yield under the scenario (implied)
Price
99.92%
1 000 ₽ with accrued interest
Coupon
15.17%
RUONIA
Maturity
26.10.2027
term 1.0 y
Duration
0.9 y
coupon tracks the rate
Daily turnover
2.6 mn ₽
30-day average
Credit risk
AAA(RU)
ACRA · low
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—
—
Effective YTM under the MOEX convention (ACT/365). The floater's coupons are projected under the "implied" scenario - the yield is indicative.
Issuer credit qualityrating, financials and the issuer's debt
Credit risk
Low
issuer rating AAA · default probability ≈ 0.02%/yr
Altman Z″ -1.05 · Distress
issuer balance sheet · RAS 2025
-0.2
21
-0.3
22
-0.6
23
-1.2
24
-1.1
25
From 2022 to 2025 the Z″ fell by 0.71 - the accounts are deteriorating before the rating reflects it
Interest coverage0.6×
Liabilities to equity11.1×
Return on sales21.9%
Figures are from the issuer's RAS statements for 2025.
Conclusion: Balance-sheet metrics (Altman Z″) are weaker than the credit rating: the issuer's accounts disagree with the agency's view.
Group, IFRS
| 2025, actual | 2026, forecast | |
|---|---|---|
| Revenue | 807 | 872 |
| EBITDA | 280 | 262 |
| Net profit | 38.6 | 77.4 |
| Net debt / EBITDA | — | 2.8× |
RUB bn. The forecast is a FairValue estimate, not the issuer's reporting. Full financials are on the MTSS share page
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.
The issuer's debt outstanding
Circulating786.5 bn ₽ 27 issues
Due within a year32%
Cost of debt14.67% market 15.07%
Issuer debt maturities by year
202620.0 bn
2027279.0 bn
2028197.5 bn
2029290.0 bn
Issues with a put are assigned to the put date rather than to maturity.
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Historywhat the bond returned in the past
Issue parametersterms, buying now, yields and spreads
Terms
Coupon15.17% a year · RUONIA · 4 payments/yr
Coupon, ₽—
Par1 000 ₽
Maturity26.10.2027 · 1.0 y
Issue
Listing level3
Issue size25 bn ₽
Lot1 units
Buying now
Order book99.85 / 99.92%spread 0.07% (≈7 bp of yield)
Cost of entry≈ 35 ₽ per 100,000 ₽ · quote 27.10 20:00
Accrued interest, ₽0.4189
Trades today104 · turnover 9.7 mn ₽
Yields
After-tax yield14.27% / 13.92% at 15%
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).