FX / eurobonds · RU000A10B4V0

Cherkizovo Group BO-002P-01

RU000A10B4V0

Fixed

8.90%

yield to maturity

Price 100.83% 1 012 CNY with accrued interest

Coupon 10.80% 12×/yr

Maturity 14.03.2027 term 0.4 y

Duration 0.4 y price −0.3% per +1 pp of rate

Premium over replacement bonds +209 bp OFZ in CNY

Credit risk AA(RU) ACRA · low

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, CNY Or quantity, units Broker fee, % Purchase price, % Yield to maturity, % Premium over replacement bonds, bp

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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, CNY	Principal, CNY	Total, CNY

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 · ACRA

Default probability ≈ 0.04% per year, by issuer rating

Issuer debt on the exchange 78.03 bn ₽ 6 issues, plus 1 in foreign currency

Due within a year 17% of exchange debt, maturities and puts

Cost of rouble debt 14.90% average coupon of the issues

Issuer debt maturities by year

202723.0 bn

2028—

202935.0 bn

2030—

203120.0 bn

in roublesin FX, at the Bank of Russia rate

Risk-adjusted yield

8.86%

without the adjustment — 8.90%: expected default losses reduce the yield by 4 bp (1 bp = 0.01 pp)

The probability of default is 0.04% a year: the historical average for this rating. In a default, holders recover 30% of face value on average.

What the spread over replacement bonds is made of

Expected loss 4 bp Exit cost 72 bp Risk premium 133 bp

Peerssimilar bonds of other issuers

Similar issues

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

Metalloinvest 001P-12

matures 02.2027 · AA

7.74%

En+Hydro O001PC-08

matures 04.2027 · AA-

Rusbond Fertilizers 001P-01

matures 07.2031 · AA-

8.97%

En+Hydro 001PC-07

matures 06.2027 · AA-

9.02%

METALLOINVEST 001P-02

matures 09.2027 · AA

8.14%

Compare with another bond

Whether to swap Cherkizovo Group BO-002P-01 for another issue - we compare yield (including after tax), credit risk, duration and liquidity

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Cherkizovo Group BO-002P-01 and peers: yield × term

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Historywhat the bond returned in the past

Issue parametersterms, buying now, yields and spreads

Terms

Coupon10.80% a year · 12 payments/yr

Coupon, CNY8.88

Par1 000 CNY

Maturity14.03.2027 · 0.4 y

Issue

Listing level1

Issue size500.0 mn CNY

Lot1 units

Buying now

Order book100.30 / 100.83%spread 0.526% (≈143 bp of yield)

Cost of entry≈ 261 ₽ per 100,000 ₽ · quote 27.10 20:00

Accrued interest, CNY3.84 as of 28.10.2026

Average daily turnover4.9 mn ₽

Trades today79 · turnover 17.6 mn ₽

Yields

Current yield10.71%

Simple yield8.49%

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).