FX / eurobonds · RU000A10FDS3

Polyus PBO-10

RU000A10FDS3

Fixed Put 11.29

6.43%

yield to worst (YTW)

the bond barely trades - the yield may be out of date

Price 103.93% 1 042 CNY with accrued interest

Coupon 7.65% 12×/yr

Put/call 29.11.2029 6.5 y to maturity

Duration 2.8 y price −2.5% per +1 pp of rate

Daily turnover 248 ₽ 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 (29.11.2029) - 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, CNY	Principal, CNY	Total, CNY

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 26.12.2029 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 6.42% −1 bp for expected losses

Issuer debt on the exchange 414.19 bn ₽ 3 issues, plus 8 in foreign currency

Due within a year 13% of exchange debt, maturities and puts

Cost of rouble debt 12.97% market 14.89%

Group, IFRS

	2025, actual	2026, forecast
Revenue	713	863
EBITDA	518	604
Net profit	314	335
Net debt / EBITDA	—	1×

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

Issuer debt maturities by year

202755.5 bn

202856.3 bn

202985.3 bn

2030197.7 bn

203119.3 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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Compare with another bond

Whether to swap Polyus PBO-10 for another issue - we compare yield (including after tax), credit risk, duration and liquidity

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Historywhat the bond returned in the past

Issue parametersterms, buying now, yields and spreads

Terms

Coupon7.65% a year · 12 payments/yr

Coupon, CNY6.29

Par1 000 CNY

Maturity09.05.2033 · 6.5 y

Put/call29.11.2029

Issue

Listing level1

Issue size1.2 bn CNY

Lot1 units

Buying now

Accrued interest, CNY3.14 as of 28.10.2026

Yields

Current yield7.36%

Simple yield6.12%

Yield to maturity if the 7.65% rate holds7.13%

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).