New securities on the Moscow Exchange for November 2021

Новые ценные бумаги на Мосбирже за ноябрь 2021

New bonds of Russian regions and companies began trading on the Moscow Exchange in November, shares of the St. Petersburg Stock Exchange, global depository receipts for Softline shares and shares of 80 foreign companies at once. Also, new exchange-traded mutual funds and ETF.

We do not mention some of the new bonds. These are securities for qualified investors., bonds maturing more than 10 years from the date of publication of this material, very short papers, e.g. one-day, bonds with yields pegged to some assets and securities, who at the time of preparation of the digest had obvious problems with liquidity.

Consider, that not all securities and derivatives are now available to everyone. To access a range of assets, for example, bonds with a rating below AAA, need to take a test. It's not needed, if the investor had transactions with such assets before October 1, 2021, or if he has the status of a qualified investor. Alternatively, you can agree to the risk notice and buy the assets, but maximum for 100 000 P or one lot.

We remind, that from 2021 on coupons of any bonds are withheld tax at a rate of 13% for tax residents of the Russian Federation and 30% for non-residents. This can be avoided, if you are a resident of the Russian Federation and you have IIS, when you close you will apply a type B deduction.

We write coupon size and pre-tax yield. If you are a resident of the Russian Federation and do not apply a type B deduction for IIS, the coupon size for you will be 13% less, that is 0.87 of the specified in the digest. If you are a non-resident - 30% less, or 0,7 from the specified. Respectively, profitability will be lower by about the same amount.

Bonds sorted by type: region bonds first, then corporate. Inside types - by maturity date: from short to long. Stocks and ETFs - at the end of the material.

This is a review, not an investment recommendation. All decisions you make yourself.

Sub-federal bond
Ulyanovsk region 34004

Issuer - Ministry of Finance of the Ulyanovsk region.

Repayment — 10 November 2026.

Nominal — 1000 Р.

Coupon rate — 9,55% annual. There will be 20 coupon periods: from the first to the third they will last 101 days, from the fourth to the 19th - 91 days, and the last one will last 61 days. The first coupon will be paid on February 25, 2022 in the amount of 26.42 R.

Depreciation. The bond will be redeemed gradually: in March 2023 and 2024, together with the next coupon, they will pay 25% of the face value, in March 2026 - 20%, and the remaining 30% will be paid in November 2026. After amortization payments, the coupon size in rubles will decrease.

1 December, this bond was on average traded at 100.34% of par. The current yield at this price is 9.52%, simple yield to maturity - 6,12%, effective yield to maturity - 9.75% per annum.

Sub-federal bond
Nizhny Novgorod Region 35016

Issuer - Ministry of Finance of the Nizhny Novgorod Region.

Repayment - May 26, 2027.

Nominal — 1000 Р.

Coupon rate — 9,25% annual. There will be 21 coupon periods of 91 days and one more duration of 99 days. The first coupon will be paid on February 22, 2022 in the amount of RUB 23.06.

Depreciation. The bond will be redeemed gradually: in November 2025, together with the next coupon, they will pay 30% of the face value, In November 2026 — 20%, and the remaining 50% will be paid off in May 2027. After amortization payments, the coupon size in rubles will decrease.

1 December, this bond was on average traded at 100.78% of par. The current yield at this price is 9.18%, simple yield to maturity - 8,1%, effective yield to maturity - 9.37% per annum.

Sub-federal bond
Novosibirsk region 35022

Issuer - Ministry of Finance and Tax Policy of the Novosibirsk Region.

Repayment — 14 November 2028.

Nominal — 1000 Р.

Coupon rate - 9.03% per annum. There will be 28 coupon periods: the first will last 60 days, last - 122 days, and the rest - 91 days. The first coupon will be paid on January 22, 2022 in the amount of RUB 14.84.

Depreciation. The bond will be redeemed gradually: in July and October 2025, 2026, 2027 years, together with the next coupon, they will pay 10% of the face value, and in July and November 2028 they will pay 20% each. After amortization payments, the coupon size in rubles will decrease.

1 December, this bond was traded on average for 100.99% of par. The current profitability at this price is 8,94%, simple yield to maturity - 7%, effective yield to maturity - 9.09% per annum.

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Corporate bond
VTB B-1-251

Issuer - PJSC "VTB Bank".

Repayment — 31 October 2022.

Nominal — 1000 Р.

Coupon rate — 8% annual. Will be 4 coupon periods of 91 days each. The first coupon will be paid on January 31, 2022 in the amount of RUB 19.95.

1 December, this bond was on average traded at 100.15% of par. The current yield at this price is 7.99%, simple yield to maturity - 7,75%, effective yield to maturity - 8.03% per annum.

Corporate bond
Dom.rf 001R-09R

Issuer - JSC "Dom.rf".

Repayment — 15 November 2022.

Nominal — 1000 Р.

Coupon rate — 8,6% annual. There will be 2 coupon periods of 182 days each. The first coupon will be paid on May 17, 2022 in the amount of 42,88 Р.

1 December, this bond was traded on average at 99.97% of par. The current yield at this price is 8.6%, simple yield to maturity - 8,58%, effective yield to maturity - 8.78% per annum.

Corporate bond
Sberbank 002R-01

Issuer - PAO Sberbank.

Repayment - November 10, 2023.

Nominal — 1000 Р.

Coupon rate - 8.8% per annum. There will be 4 coupon periods of 182 days each. The first coupon will be paid 13 May 2022 in the amount of 43.88 R.

1 December, this bond was on average traded at 100.97% of par. The current profitability at this price is 8,72%, simple yield to maturity - 8,17%, effective yield to maturity - 8.4% per annum.

Corporate bond
KAMAZ BO-P09

Issuer - PAO "KamAZ".

Repayment — 22 November 2023.

Nominal — 1000 Р.

Coupon rate — 9,75% annual. There will be 8 coupon periods of 91 days each. The first coupon will be paid on February 23, 2022 in the amount of RUB 24.31.

1 December this bond was traded on average for 100,91% denomination. The current profitability at this price is 9,66%, simple yield to maturity - 9,17%, effective yield to maturity - 9,55% annual.

Corporate bond
Aquilon-leasing BO 01-001R

Issuer - Aquilon Leasing LLC.

Repayment — 12 November 2024.

Nominal — 1000 Р.

Coupon rate — 13,25% annual. There will be 12 coupon periods of 91 days each. The first coupon will be paid 15 February 2022 in the amount of 33.03 R.

Depreciation. The bond will be redeemed gradually: from February 2024, together with each coupon, 25% of the face value will be paid. After amortization payments, the coupon size in rubles will decrease.

1 December, this bond was traded on average at 99.79% of par. The current yield at this price is 13.28%, simple yield to maturity - 11,59%, effective yield to maturity - 14.01% per annum.

Corporate bond
Okhta Group BO-P02

Issuer - LLC "Okhta-group".

Repayment — 12 November 2024.

Nominal — 1000 Р.

Coupon rate - 12.5% ​​per annum. There will be 12 coupon periods of 91 days each. The first coupon will be paid 15 February 2022 in the amount of RUB 31.16.

1 December, this bond was traded on average at 100.09% of par. The current yield at this price is 12.49%, simple yield to maturity - 12,38%, effective yield to maturity - 13.04% per annum.

Corporate bond
Talan-Finance 001R-03

Issuer - LLC "Talan-Finance".

Repayment — 19 May 2025.

Nominal — 1000 Р.

Coupon rate — 13% annual. There will be 14 coupon periods of 91 days each. The first coupon will be paid on February 21, 2022 in the amount of R 32.41.

Depreciation. The bond will be redeemed gradually: in May 2024, together with the next coupon, they will pay 15% denomination, in August 2024 — 20%, In November 2025 — 25%, in February and May 2025 - 20% each. After amortization payments, the coupon size in rubles will decrease.

1 December, this bond was traded on average at 99.89% of par. The current yield at this price is 13.01%, simple yield to maturity - 11,22%, effective yield to maturity - 13.68% per annum.

Corporate bond
Shoes of Russia 002R-02

Issuer - LLC "OR".

Repayment — 22 October 2025.

Nominal — 1000 Р.

Coupon rate — 13,5% annual. There will be 48 coupon periods of 30 days each. The first coupon will be paid on December 12, 2021 in the amount of RUB 11.1.

Depreciation. The bond will be redeemed gradually: starting from November 2024, together with each coupon, 8.3% of the face value will be paid. The last 8.7% will be paid off in October 2025. After each amortization payment, the amount of the coupon in rubles will decrease.

1 December, this bond was traded on average at 99.97% of par. The current yield at this price is 13.5%, simple yield to maturity - 11,86%, effective yield to maturity - 14,37% annual.

Corporate bond
Ebis BO-P05

Issuer - Ebis LLC.

Repayment — 25 November 2025.

Nominal — 1000 Р.

Coupon rate - 14.5% per annum. There will be 16 coupon periods of 91 days each. The first coupon will be paid 1 March 2022 in the amount of R 36.15.

Depreciation. The bond will be redeemed gradually: starting from May 2023, together with every third coupon, 15% of the face value will be paid. The last 25% will be paid off in November 2025. After each amortization payment, the amount of the coupon in rubles will decrease.

1 December, this bond was traded on average at 99.91% of par. The current yield at this price is 14.51%, simple yield to maturity - 10,43%, effective yield to maturity - 15.33% per annum.

Corporate bond
SG-trans 001R-01

Issuer - JSC "SG-trans".

Repayment — 26 October 2026.

Nominal — 1000 Р.

Coupon rate — 9,9% annual. There will be 20 coupon periods of 91 days each. The first coupon will be paid on January 31, 2022 in the amount of RUB 24.68. In October 2024, the coupon rate and, respectively, coupon size may change, so be careful.

Offer. If you don't like the new coupon, it will be possible to ask the issuer to redeem bonds ahead of schedule, using the offer. She is scheduled for October 31, 2024, applications for participation in it must be submitted with 22 until October 28, 2024. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

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1 December, this bond was traded on average at 100.25% of par. The current yield at this price is 9.88%, simple yield to put - 9,75%, effective yield to offer - 10.2% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

Corporate bond
Freedom Finance P01-02

Issuer - OOO «IK„ Fridom finans “».

Repayment — 6 November 2026.

Nominal — 1000 $.

Coupon rate - 5.5% per annum. There will be 20 coupon periods of 91 days each. The first coupon will be paid 11 February 2022 in the amount of 13.71 $.

1 December, this bond was on average traded at 100.74% of par. The current yield at this price is 5.46%, simple yield to maturity - 5,29%, effective yield to maturity - 5.43% per annum.

Corporate bond
Vostochnaya stevedoring company 1P-02R

Issuer - LLC "VSK".

Repayment — 17 November 2026.

Nominal — 1000 Р.

Coupon rate — 9,55% annual. There will be 10 coupon periods of 182 days each. The first coupon will be paid on May 24, 2022 in the amount of R 47.62.

1 December this bond was traded on average for 99,31% denomination. The current profitability at this price is 9,62%, simple yield to maturity - 9,73%, effective yield to maturity - 9.96% per annum.

Corporate bond
WEB.RF PBO 002R-31

Issuer - WEB.RF.

Repayment — 18 October 2028.

Nominal — 1000 Р.

Coupon rate depends on RUONIA rates: coupon yield is calculated as the sum of income for each day of the coupon period, at the same time, 1.55% per annum is added to the RUONIA rate. There will be 28 coupon periods, coupons are paid every three months. The first coupon will be paid on January 26, 2022.

1 December, this bond was traded on average at 99.96% of par. Since the coupon size is unknown, it is impossible to calculate the yield of a bond.

Promotions
Foreign companies

1 November, shares and depositary receipts began to be traded on the Moscow Exchange 80 foreign companies. Here is a list of them.:

  1. Agilent Technologies.
  2. Akamai Technologies.
  3. Alaska Air Group.
  4. Alliant Energy.
  5. Ameren.
  6. American Water Works.
  7. AmerisourceBergen.
  8. Ametek.
  9. Arthur J. Gallagher.
  10. Autodesk.
  11. Ball.
  12. Cadence Design Systems.
  13. CarMax.
  14. Catalent.
  15. Church and Dwight.
  16. Citrix.
  17. Comerica.
  18. Constellation Brands.
  19. Cummins.
  20. Darden Restaurants.
  21. Deere & Company.
  22. Dentsply Sirona.
  23. Edison International.
  24. Entergy.
  25. Estee Lauder.
  26. Evergy.
  27. Eversource Energy.
  28. FMC.
  29. Fortinet.
  30. Generac Holdings.
  31. Global Payments.
  32. HCA Healthcare.
  33. Henry Schein.
  34. Iqvia.
  35. J. M. Smucker.
  36. Kansas City Southern.
  37. Keysight Technologies.
  38. L3Harris Technologies.
  39. Lamb Weston.
  40. Read Holdings.
  41. LKQ.
  42. Loews.
  43. M&T Bank.
  44. Marsh & McLennan.
  45. Masco.
  46. McKesson.
  47. Microchip Technology.
  48. Norfolk Southern.
  49. Northern Trust.
  50. Omnicom.
  51. Parker-Hannifin.
  52. Peloton Interactive.
  53. PerkinElmer.
  54. Principal Financial Group.
  55. PTC.
  56. PVH.
  57. Quanta Services.
  58. Quest Diagnostics.
  59. Republic Services.
  60. Robert Half International.
  61. Rollins.
  62. Sealed Air.
  63. Sempra Energy.
  64. Stanley Black & Decker.
  65. Synopsys.
  66. Teradyne.
  67. The Allstate.
  68. The PNC Financial Services.
  69. The Travelers Companies.
  70. Tractor Supply.
  71. Trimble.
  72. Verisk Analytics.
  73. Westinghouse Air Brake Technologies.
  74. Waste Management.
  75. Wec Energy Group.
  76. WestRock.
  77. Yum! Brands.
  78. Zimmer Biomet.
  79. Zions Bancorporation.
  80. Zoetis.

Bidding is for rubles and dollars, dividends are paid in dollars. So that the tax on dividends is 10 plus 3%, not 30%, you must sign the W-8BEN form. How to do it, will be advised by the support staff of your broker.

Promotions
"SPb-Exchange" (SPBE)

Shares of "SPb-Exchange" started trading on the Moscow Exchange. She has her own shares on it too. This exchange is mainly notable for the, that a large number of shares of American companies are traded on it.

Bidding is for rubles. 1 December, one SPBE share was worth about 1000 Р.

Depositary receipt
Softline Holding PLC (SFTL)

Global Depositary Receipts for Softline Holding Shares Appeared on the Moscow Exchange. This company supplies programs, including solutions for clouds and information security.

Bidding is for rubles. 1 December alone depositary receipt SFTL cost about 480 Р.

Exchange traded fund
FinEx — US REIT UCITS ETF (FXRE)

This FinEx ETF allows you to invest in US Real Estate Trusts (REIT). The fund tracks the United States REIT ex Timber and Mortgage Solactive GPR Index and has 129 REITs. Dividends are reinvested.

FXRE's overall spending level - 0,6% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the exchange price of FXRE. This mechanism works in other funds as well..

Bidding is for rubles and dollars. 1 December, one share of FXRE was worth about 72 Р, or 0,97 $.

Exchange traded fund
Alpha - Video Games (AKVG)

This exchange-traded mutual fund from Alfa-Capital Management Company allows you to invest in shares of more than 20 companies, developing and releasing games or producing equipment for them. it, eg, Nintendo, Activision Blizzard, Electronic Arts, Tencent, Nvidia. Dividends are reinvested.

AKVG total expenditure level - up to 1,45% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December one share of AKVG cost about 72 Р, or 0,98 $.

Exchange traded fund
Alpha - Managed Eurobonds (AKEB)

This is an actively managed exchange-traded fund from the Alfa-Capital Management Company, consisting of Eurobonds of authorities and companies mainly from developing countries. The income is reinvested.

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The general level of AKEB expenses - up to 1,45% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December one share of AKEB cost about 72 Р, or 0,98 $.

Exchange traded fund
BCS - Favorites of world investment funds (BCSH)

This exchange-traded mutual fund from MC "BCS" invests in about 50 shares, popular among American hedge funds. For this, the Goldman Sachs Hedge Industry VIP fund is used. The income is reinvested.

Overall BCSH Expenditure Level - Up to 1,06% per year of the fund's net asset value. The American ETF used in the fund takes 0,45% in year.

Bidding is for dollars. 1 December, one share of BCSH was worth about 1.04 $.

Exchange traded fund
BCS - Global Yield Bonds (BCSY)

This exchange-traded mutual fund is equally divided into the American high-yield bond fund iShares iBoxx USD High Yield Corporate Bond (HYG) and iShares J. P. Morgan EM High Yield Bond (EMHY). The income is reinvested.

The general level of BCSY expenses - up to 1,16% per year of the fund's net asset value. HYG fund spending level - 0,48% in year, and EMHY fund - 0,5%.

Bidding is for dollars. 1 December one share of BCSY was worth about 1.085 $.

Exchange traded fund
Raiffeisen - Balanced ETF Strategy (RQIU)

This exchange-traded fund from the Raiffeisen Capital Management Company invests in American stock and bond funds and uses hedging instruments. Assets are selected based on an algorithmic strategy. The income is reinvested.

Overall RQIU spending level - up to 0,89% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December, one share of RQIU cost about 730 Р, or 9,7 $.

Exchange traded fund
Sber - Halal Investment (SBI)

This exchange-traded mutual fund from MC "Sber Asset Management" is based on the Mosbirzhi Islamic Investments Index of Full Profitability. It includes shares of Russian companies, Sharia compliant. Dividends are reinvested.

Overall SBHI spending level - up to 1% per year of the fund's net asset value.

Bidding is for rubles. 1 December one SBHI share cost about 9.5 R.

Exchange traded fund
Tinkoff - Buy Back Index (TBUY)

This exchange-traded mutual fund from Tinkoff Capital Management Company consists of shares of US companies, most active in share repurchases. Index used NASDAQ US Buyback Achievers. The income is reinvested.

Total expenditure TBUY - up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December, one TBUY share cost about 6,9 Р, or order 0,9 $.

Exchange traded fund
Tinkoff - Eurozone Index 50 (YOURS)

This BIF allows you to invest in the shares of the 50 largest European companies according to the Tinkoff Eurostocks 50 Index. it, eg, Total, Siemens, BMW. The income is reinvested.

General level of TEUS expenses - up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and euros. 1 December one TEUS share cost about 7.7 R, or a little more than 0.09 €.

Exchange traded fund
Tinkoff - Nasdak semiconductors (TSOX)

This BIF allows you to invest in stocks of companies, producing semiconductors and semiconductor equipment. Fund based on PHLX Semiconductor Sector Index. The income is reinvested.

Total cost level TSOX - up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December, one TSOX share cost about 8 Р, or slightly less than 0.11 $.

Exchange traded fund
Tinkoff - Pan Asia Index (TPAS)

This BIF allows you to invest in the shares of the largest companies in the Asia-Pacific region. it, among other things, shares of companies from China, Singapore, Taiwan, Hong kong, India, Indonesia, Japan, Philippines and South Korea. Tinkoff PanAsia index used. Dividends are reinvested.

Total TPAS expenditure level - up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December one TPAS share cost about 7.1 R, or slightly less than 0.1 $.

Exchange traded fund
Tinkoff - Eurobonds in Euro (TBEU)

This BIF allows you to invest in government and corporate Eurobonds, denominated in euros. In the portfolio of securities of issuers from more than 20 countries, from the UK and the Netherlands to the USA and Mexico. The fund is based on the Tinkoff Aggregate Eurobond High Yield Index. The income is reinvested.

Total cost TBEU - up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and euros. 1 December, one TBEU share cost about 8 Р, or 0,095 €.

Exchange traded fund
Tinkoff - Fintech Index (TFNX)

This BIF consists of shares of companies, financial technology. it, among others, Intuit, PayPal и TCS Group, only about 40 securities according to the Tinkoff FinTech index. The income is reinvested.

Total TFNX Spending Level - Up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December one TFNX share cost about 6.8 R, or slightly less than 0.1 $.

Exchange traded fund
Tinkoff - AI and robotics (MALE)

This BIF tracks the Nasdaq CTA US AI Index & Robotics, where the shares of the companies are included, engaged in artificial intelligence and robotics. it, eg, Ambarella и Dynatrace. The income is reinvested.

The general level of TRAI expenses - up to 0,69% per year of the fund's net asset value.

Bidding is for rubles and dollars. 1 December one share of TRAI cost about 7.1 R, or slightly less than 0.1 $.

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