Corporate · RU000A108AK6

Fordewind 05

RU000A108AK6 · the issuer's yield curve

Fixed Amortisation Put 04.27

17.95%

yield to worst (YTW)

Price 102.27% 1 037 ₽ with accrued interest

Coupon 22.00% 12×/yr

Put/call 07.04.2027 0.9 y to maturity

Duration 0.4 y price −0.4% per +1 pp of rate

Premium over OFZ +463 bp over OFZ 13.33% at 0.42 yr

Credit risk no rating no data

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, ₽ Or quantity, units Broker fee, % Purchase price, % Yield to put, % Premium over OFZ, bp

Bonds for the amount—

Purchase price per unit (with accrued interest)—

Investment amount—

Fee—

Coupon income to the put—

Principal repayment (put)—

Total profit—

Fair price —
—

—

If rates change: duration, convexity, stress

Current yield—

Duration (Macaulay)—

Modified duration—

Convexity—

PVBP, ₽—

Price at ±1 pp—

Stress on the rate

bp yield

Price, %—

Change—

Position P&L—

—

Effective YTM under the MOEX convention (ACT/365). The calculation runs to the put (07.04.2027) - 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 03.05.2027 have not been announced and are shown at the current rate as a forecast.

A bond or a deposit?

This bond

18.0%

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 4.9 pp above the deposit rate. The coupon is fixed until the put date, 07.04.2027: 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 until then.

A pre-tax comparison. Bond coupons are taxed at 13% personal income tax — see the “After-tax yield” row in the bond parameters (≈ 14.2%). Deposit interest is taxed above a tax-free allowance; a liquidity fund qualifies for the long-term holding relief after 3 years.

Credit quality and peersissuer credit risk and similar bonds

Issuer curve

3 issues. This bond is cheaper than its own curve (yield higher by 3021 bp: an issue premium)

duration, years → ● this bond · yield, % ↑

Similar issues

Other issuers' bonds with a fixed coupon, close in maturity and rating

Credit risk

no rating

default probability not assessed

Issuer debt on the exchange920.7 mn ₽ 4 issues

Due within a year100%

Cost of debt19.15% market 18.85%

Compare with another bond

Whether to swap Fordewind 05 for another issue - we compare yield (including after tax), credit risk, duration and liquidity

→

Find similar ones on the market map

Fordewind 05 and peers: yield × term

→

Historywhat the bond returned in the past

Issue parametersterms, buying now, yields and spreads

Terms

Coupon22.00% a year · 12 payments/yr

Coupon, ₽18.08

Par1 000 ₽

Maturity30.09.2027 · 0.9 y

Put/call07.04.2027

Issue

Listing level3

Issue size431.4 mn ₽

Lot1 units

Buying now

Order book102.27 / 102.28%spread 0.01% (≈2 bp of yield)

Cost of entry≈ 5 ₽ per 100,000 ₽ · quote 27.10 20:00

Accrued interest, ₽13.86 as of 28.10.2026

Average daily turnover592.8 k ₽

Trades today27 · turnover 415.2 k ₽

Yields

Current yield21.51%

Simple yield16.26%

Yield to maturity if the 22.00% rate holds20.26%

After-tax yield14.24% / 13.68% at 15%

Spreads and valuation

Z-spread over OFZ+461 bp

Spread over swaps (I)+374 bp

Z-spread over swaps+373 bp

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).