Corporate · RU000A10A554
APRI BO-002P-06
RU000A10A554
33.78%
yield to maturity
Price
90.00%
907 ₽ with accrued interest
Coupon
22.00%
12×/yr
Maturity
05.12.2028
term 2.1 y
Duration
1.4 y
price −1.1% per +1 pp of rate
Daily turnover
29.9 k ₽
30-day average
Credit risk
BBB-.ru
NCR · moderate
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).
Cash flows
| Date | Coupon, ₽ | Principal, ₽ | Total, ₽ |
|---|
Coupon payments and principal repayment by date for one bond. On the chart, each bar is a year's total: the coupon is paid 12 times a year, and the bar adds up all of that year's payments.
A bond or a deposit?
This bond
33.8%
the rate is fixed for 2.1 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 20.7 pp above the deposit rate, and that difference is payment for the issuer's credit risk: a deposit is insured by the DIA (up to 1.4m ₽), a liquidity fund invests in short risk-free instruments, and a bond can default. The issue's credit assessment is in the credit risk traffic light above.
A pre-tax comparison. Bond coupons are taxed at 13% personal income tax — see the “After-tax yield” row in the bond parameters (≈ 29.0%). Deposit interest is taxed above a tax-free allowance; a liquidity fund qualifies for the long-term holding relief after 3 years.
Issuer credit qualitycredit risk and the issuer's debt on the exchange
Credit risk
Moderate
issuer rating BBB- · NCR
Default probability
≈ 0.90%
per year, by issuer rating
Risk-adjusted yield
32.95%
−83 bp for expected losses
Issuer debt on the exchange
15.15 bn ₽
14 issues
Due within a year
21%
of exchange debt, maturities and puts
Cost of debt
24.62%
market 44.34%
Issuer debt maturities by year
2026250.0 mn
20273.1 bn
20282.5 bn
20293.9 bn
2030305.0 mn
20315.0 bn
Issues with a put are assigned to the put date rather than to maturity.
FairValue score
Stress riskelevated 70/100
yield 33.8% - above the market norm+25
price 90.0% of par - the market prices repayment below par+15
price range over the month 13.7% - unstable quote+15
issuer's balance sheet weakened over the year: Altman Z″ -1.6+15
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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 ₽
Maturity05.12.2028 · 2.1 y
Issue
Listing level3
Issue size30.9 mn ₽
Lot1 units
Buying now
Order book88.80 / 90.00%spread 1.2% (≈84 bp of yield)
Cost of entry≈ 671 ₽ per 100,000 ₽ · quote 27.10 20:00
Accrued interest, ₽6.62 as of 28.10.2026
Trades today5 · turnover 16.2 k ₽
Yields
Current yield24.44%
Simple yield25.24%
After-tax yield29.03% / 28.31% at 15%
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).