FX / eurobonds · RU000A10BTU4
MMC NORILSK NICKEL BO-001P-12
RU000A10BTU4
6.61%
yield to worst (YTW)
Price
103.75%
104 USD with accrued interest
Coupon
8.00%
12×/yr
Put/call
07.05.2029
3.6 y to maturity
Duration
2.3 y
price −2.1% per +1 pp of rate
Daily turnover
158.4 k ₽
30-day average
Credit risk
ruAAA
Expert RA · low
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 calculation runs to the put (07.05.2029) - 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, USD | Principal, USD | Total, USD |
|---|
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. Coupons from 29.05.2029 have not been announced and are shown at the current rate as a forecast.
Issuer credit qualitycredit risk and the issuer's debt on the exchange
Credit risk
Low
issuer rating AAA · Expert RA
Default probability
≈ 0.02%
per year, by issuer rating
Risk-adjusted yield
6.60%
−1 bp for expected losses
Issuer debt on the exchange
797.32 bn ₽
3 issues, plus 9 in foreign currency
Due within a year
28%
of exchange debt, maturities and puts
Cost of rouble debt
15.25%
average coupon of the issues
Group, IFRS
| 2025, actual | 2026, forecast | |
|---|---|---|
| Revenue | 1147 | 1330 |
| EBITDA | 475 | 579 |
| Net profit | 164 | 226 |
| Net debt / EBITDA | — | 1.5× |
RUB bn. The forecast is a FairValue estimate, not the issuer's reporting. Full financials are on the GMKN share page
Issuer debt maturities by year
202636.2 bn
2027235.4 bn
2028240.5 bn
2029208.7 bn
203076.5 bn
in roublesin FX, at the Bank of Russia rate
Issues with a put are assigned to the put date rather than to maturity.
Peerssimilar bonds of other issuers
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Historywhat the bond returned in the past
Issue parametersterms, buying now, yields and spreads
Terms
Coupon8.00% a year · 12 payments/yr
Coupon, USD0.66
Par100 USD
Maturity24.05.2030 · 3.6 y
Put/call07.05.2029
Issue
Listing level2
Issue size500.0 mn USD
Lot1 units
Buying now
Order book102.03 / 103.75%spread 1.716% (≈75 bp of yield)
Cost of entry≈ 834 ₽ per 100,000 ₽ · quote 27.10 20:00
Accrued interest, USD0.352 as of 28.10.2026
Trades today2 · turnover 33.4 k ₽
Yields
Current yield7.71%
Simple yield6.29%
Yield to maturity if the 8.00% rate holds7.05%
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).