Corporate · RU000A10DCM3

Samolet Group BO-P21

RU000A10DCM3

Fixed

63.24%

yield to maturity

Price 52.00% 26 018 ₽ with accrued interest

Coupon 13.00% 12×/yr

Maturity 15.12.2028 term 2.1 y

Duration 1.7 y price −1.1% per +1 pp of rate

Daily turnover 413.1 k ₽ 30-day average

Credit risk BBB(RU) ACRA · 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.

Issuer credit qualityrating, financials, debt, default-risk adjustment and the FairValue score

Credit risk

Moderate

issuer rating BBB · default probability ≈ 0.50%/yr

Altman Z″ 0.54 · Distress

issuer balance sheet · RAS 2025 · not representative for a holding company

1.3 21 1.8 22 0.6 23 1.4 24 0.5 25

over 2021-2025 the change is -0.71, no sustained trend

Interest coverage0.3×

Liabilities to equity21.9×

Return on sales96.2%

Figures are from the issuer's RAS statements for 2025. RAS covers a single legal entity without its subsidiaries. If the issuer is a holding company, the main business is run by subsidiaries, and the group's position is better reflected in consolidated IFRS statements.

Group financials and issuer debt

Group, IFRS

	2025, actual	2026, forecast
Revenue	367	268
EBITDA	125	25.4
Net profit	−1.7	−31.6
Net debt / EBITDA	—	16.7×

RUB bn. The forecast is a FairValue estimate, not the issuer's reporting. Full financials are on the SMLT share page

The issuer's debt outstanding

Circulating104.88 bn ₽

Issues15

Due within a year74%

Cost of debt20.65% market 77.94%

2026

2027

2028

2029

2030

2031

Issues with a put are assigned to the put date rather than to maturity.

Risk-adjusted yield

62.77%

without the adjustment — 63.24%: expected default losses reduce the yield by 47 bp (1 bp = 0.01 pp)

The probability of default is 0.50% a year: the historical average for this rating. In a default, holders recover 30% of face value on average.

FairValue score

Stress riskhigh 100/100

yield 63.2% - above the market norm+35

price 52.0% of par - the market prices repayment below par+25

price over the month -21.6%+20

price range over the month 26.4% - unstable quote+15

yield up 1995 bp over the month+5

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BUSINESS ALLIANCE 001P-09

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TALVEN BO-P01

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Compare with another bond

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Samolet Group BO-P21 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, ₽534.25

Par50 000 ₽

Maturity15.12.2028 · 2.1 y

Issue

Listing level3

Issue size1 bn ₽

Lot1 units

Buying now

Order book51.62 / 53.30%spread 1.68% (≈96 bp of yield)

Cost of entry≈ 1 601 ₽ per 100,000 ₽ · quote 27.10 20:00

Accrued interest, ₽17.80 as of 28.10.2026

Trades today14 · turnover 626.3 k ₽

Yields

Current yield25.00%

Simple yield68.20%

After-tax yield55.32% / 54.09% 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).