FX / eurobonds · RU000A10D319

Uralkuz 001P-02

RU000A10D319

Fixed

19.47%

yield to maturity

Price 92.09% 93 CNY with accrued interest

Coupon 13.00% 12×/yr

Maturity 27.09.2028 term 1.9 y

Duration 1.7 y price −1.4% per +1 pp of rate

Premium over replacement bonds +1266 bp OFZ in CNY

Credit risk BBB+(RU) ACRA · moderate

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

Moderate

issuer rating BBB+ · ACRA

Default probability≈ 0.35% a year

Issuer debt on the exchange2.86 bn ₽ 3 issues

Of which in foreign currency371.0 mn ₽ 1 issue · CNY

Due within a year87%

Cost of rouble debt20.00% market 24.81%

Risk-adjusted yield

19.18%

without the adjustment — 19.47%: expected default losses reduce the yield by 29 bp (1 bp = 0.01 pp)

The probability of default is 0.35% 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 29 bp Exit cost 44 bp Risk premium 1193 bp

Peerssimilar bonds of other issuers

Compare with another bond

Whether to swap Uralkuz 001P-02 for another issue - we compare yield (including after tax), credit risk, duration and liquidity

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Uralkuz 001P-02 and peers: yield × term

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Historywhat the bond returned in the past

Issue parametersterms, buying now, yields and spreads

Terms

Coupon13.00% a year · 12 payments/yr

Coupon, CNY1.07

Par100 CNY

Maturity27.09.2028 · 1.9 y

Issue

Listing level3

Issue size30.7 mn CNY

Lot1 units

Buying now

Order book90.67 / 92.14%spread 1.467% (≈87 bp of yield)

Cost of entry≈ 803 ₽ per 100,000 ₽ · quote 27.10 20:00

Accrued interest, CNY0.7133 as of 28.10.2026

Average daily turnover875.0 k ₽

Trades today71 · turnover 329.7 k ₽

Yields

Current yield14.12%

Simple yield18.47%

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).