Corporate · RU000A109X37
Sber 001P-SBERD3
RU000A109X37
15.27%
yield to maturity
Price
64.89%
649 ₽ with accrued interest
Coupon
—
zero-coupon
Maturity
12.11.2029
term 3.0 y
Duration
3.0 y
price −2.6% per +1 pp of rate
Daily turnover
10.4 mn ₽
30-day average
Credit risk
AAA(RU)
ACRA · low
Price and yieldhow the bond has traded
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—
Fair price
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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—
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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+127 bp
Roll-down (year)+0.72%
Expected income+15.99%
Safety buffer+606 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 AAA · ACRA
Default probability
≈ 0.02%
per year, by issuer rating
Risk-adjusted yield
15.25%
−2 bp for expected losses
Issuer debt on the exchange
602.11 bn ₽
232 issues
Due within a year
5%
of exchange debt, maturities and puts
Cost of debt
14.22%
market 15.59%
Issuer debt maturities by year
202616.6 bn
202711.8 bn
2028208.9 bn
2029123.2 bn
2030125.5 bn
2031116.0 bn
2032136.0 mn
Issues with a put are assigned to the put date rather than to maturity.
FairValue score
Attractiveness score56/100
How the score is built
Cheap vs norm
no signal
—
weight 15%
Cheap vs group
no signal
—
weight 15%
Safety buffer
11
weight 25%
Liquidity
74
weight 25%
Credit quality
100
weight 20%
Peerssimilar bonds of other issuers
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Other issuers' bonds with a fixed coupon, close in maturity and rating
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matures 04.2030 · AAA
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matures 08.2029 · AAA
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matures 10.2029 · AAA
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matures 08.2030 · AAA
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History and alternativewhat the bond returned in the past and a comparison with a deposit
A bond or a deposit?
This bond
15.3%
the rate is fixed for 3.0 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 2.2 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 (≈ 13.5%). 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
Couponnone — discount bond
Par1 000 ₽
Maturity12.11.2029 · 3.0 y
Issue
Listing level2
Issue size16 bn ₽
Lot1 units
Buying now
Order book64.88 / 64.89%spread 0.01% (≈0.3 bp of yield)
Cost of entry≈ 8 ₽ per 100,000 ₽ · quote 27.10 20:00
Accrued interest, ₽0.00
Trades today281 · turnover 10.7 mn ₽
Yields
Simple yield17.78%
After-tax yield13.51% / 13.24% at 15%
- with the long-term holding relief (3+ years)15.27%
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).