New bonds of Russian companies began trading on the Moscow Exchange in October, shares of the Renaissance Insurance group, as well as shares of 80 foreign companies at once. There are also new exchange-traded mutual funds.
Part of the new bonds we do not mention. 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, which at the time of preparing the digest had obvious problems with liquidity.
Please note, that now not all securities and derivatives are available to everyone. To access a number of assets, for example, bonds with a rating below AAA, need to take a test. It is not necessary, if before October 1, 2021 the investor had transactions with such assets or if there is a status of a qualified investor. Or you can agree to the risk notice and buy 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, at the closing of which you will apply the type B deduction.
We write the coupon size and the yield before taxes. 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, i.e. 0.87 of that 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 maturity date: from short to long. Stocks and exchange-traded funds - at the end of the material.
This is a review, not an investment recommendation. All decisions are yours to make.
Corporate bond
VEB.RF PBO-001R-K105
Issuer — VEB.RF.
Repayment — 18 October 2022.
Nominal — 1000 R.
Coupon rate — 8% per annum. There will be one coupon payment in the amount of 80 Р - when the bond is redeemed.
2 November, this bond was traded on average at 99.59% of par. The current yield at this price is 8.03%, simple yield to maturity — 8,41%, effective yield to maturity — 8.42% per annum.
Corporate bond
FPK Garant-Invest BO 002R-04
Issuer - JSC "Commercial real estate FPK" Garant-invest "".
Repayment - May 26, 2023.
Nominal — 1000 R.
Coupon rate — 12% per annum. There will be 6 coupon periods. The first one will last 123 days and end with the payment of 40.44 R, the rest will last 91 days, and the coupon will be 29.92 R.
Offer. 3 days before maturity, i.e. May 23, 2023, there will be an additional price offer. If you use it, then the investor will receive the dollar equivalent of an investment with a yield of 5.5% per annum in US dollars. Applications for participation in the offer must be submitted with 16 until May 22, 2023. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.
2 November this bond was traded on average for 100,78% denomination. The current yield at this price is 11.91%, simple yield to maturity — 11,36%, effective yield to maturity - 11,91% per annum.
Corporate bond
ER-Telecom Holding PBO-02-01
Issuer - ER-Telecom Holding JSC.
Repayment - October 20, 2023.
Nominal — 1000 R.
Coupon rate — 9,5% per annum. There will be 8 coupon periods of 91 days each. The first will end on January 21, 2022, will pay 23.68 R.
2 November, this bond was traded on average at 100.05% of par. The current yield at this price is 9.5%, simple yield to maturity — 9,43%, effective yield to maturity — 9.79% per annum.
Corporate bond
PYUDM BO-P03
Issuer - LLC "PYUDM".
Repayment — 4 October 2024.
Nominal — 1000 R.
Coupon rate — 13% per annum. Will be 36 coupon periods for 30 days each. The first one will end 19 November 2021, will pay 10,68 R.
2 November this bond was traded on average for 101,46% denomination. The current yield at this price is 12,81%, simple yield to maturity — 12,24%, effective yield to maturity - 13,11% per annum.
Corporate bond
Factory Favorite BO-P01
Issuer - LLC "Factory" Favorite ".
Repayment - October 10, 2024.
Nominal — 1000 R.
Coupon rate — 12,5% per annum. There will be 36 coupon periods of 30 days each. The first one will end 25 November 2021, will pay 10.27 R.
Depreciation. The bond will be redeemed gradually: in January, march, July and October 2024, together with the next coupon, they will pay 25% of the face value. After depreciation payments, the coupon size in rubles will decrease.
2 November this bond was traded on average for 100,03% denomination. The current yield at this price is 12.5%, simple yield to maturity — 10,87%, effective yield to maturity — 13.21% per annum.
Corporate bond
Help for online stores BO-01
Issuer - LLC "PIM".
Repayment — 16 October 2024.
Nominal — 1000 R.
Coupon rate — 13% per annum. There will be 12 coupon periods of 91 days each. The first will end on January 19, 2022, will pay 32.41 R.
Depreciation. The bond will be redeemed gradually: from January 2024, together with each coupon, 25% of the face value will be paid. After depreciation payments, the coupon size in rubles will decrease.
2 November this bond was traded on average at 99.55% of par. The current yield at this price is 13.06%, simple yield to maturity — 11,49%, effective yield to maturity — 13.86% per annum.
Corporate bond
Nex-T BO-P01
Issuer - LLC "Nex-T".
Repayment — 22 October 2024.
Nominal — 1000 R.
Coupon rate — 11,5% per annum. There will be 12 coupon periods of 91 days each. The first one will end 25 January 2022, will pay 28,67 R.
2 November this bond was traded on average for 100,23% denomination. The current yield at this price is 11,47%, simple yield to maturity — 11,36%, effective yield to maturity - 11,89% per annum.
Corporate bond
Settle Group 001P-04
Issuer — Setl-Group LLC.
Repayment — 18 April 2025.
Nominal — 1000 R.
Coupon rate - 9.45% per annum. There will be 14 coupon periods of 91 days each. The first one will end 21 January 2022, will pay 23,56 R.
2 November, this bond was traded on average at 99.88% of par. The current yield at this price is 9.46%, simple yield to maturity — 9,46%, effective yield to maturity — 9.82% per annum.
Corporate bond
Kalita 001R-03
Issuer - LLC "Kalita".
Repayment — 21 September 2025.
Nominal — 1000 R.
Coupon rate — 13% per annum. There will be 48 coupon periods 30 days each. The first will end on November 11, 2021, will pay 10.68 R.
Depreciation. The bond will be redeemed gradually: from October 2024, together with each coupon, 8.33% of the face value will be paid. After depreciation payments, the coupon size in rubles will decrease. 8.37% of the par will be paid on maturity.
2 November this bond was traded on average at 103.48% of par. The current yield at this price is 12.56%, simple yield to maturity — 10,15%, effective yield to maturity — 12.4% per annum.
Corporate bond
OR 002R-01
Issuer - LLC "OR".
Repayment — 28 September 2025.
Nominal — 1000 R.
Coupon rate — 12,6% per annum. Will be 48 coupon periods of 30 days each. The first will end on November 18, 2021, will pay 10.36 R.
Depreciation. The bond will be redeemed gradually: from November 2024, together with each coupon, 8.3% of the face value will be paid. After depreciation payments, the coupon size in rubles will decrease. 8.7% of the par value will be paid on maturity.
2 November this bond was traded on average for 100,39% denomination. The current yield at this price is 12.55%, simple yield to maturity — 10,94%, effective yield to maturity - 13.19% per annum.
Corporate bond
Ferroni BO-P01
Issuer - Ferroni LLC.
Repayment — 7 October 2025.
Nominal — 1000 R.
Coupon rate — 12,25% per annum. There will be 48 coupon periods of 30 days each. The first will end on November 27, 2021, will pay 10.07 R. At the end of October 2022, the coupon rate will change and will be determined as the lower of the two: key rate of the Central Bank of the Russian Federation on the seventh business day before the start date of the corresponding coupon period plus 5 p. P. or 13% per annum.
Depreciation. The bond will be redeemed gradually: starting from April 2024 every three months with the next coupon they will pay 5% of the face value. After each depreciation payment, the coupon amount in rubles will decrease. The remaining 70% will be paid off in October 2025.
2 November this bond was traded on average at 100.01% of par. The current yield at this price is 12.25%, simple yield to maturity — 11,41%, effective yield to maturity — 12.95% per annum.
Corporate bond
Tatneftekhim 001-R-01
Issuer — Tatneftekhim LLC.
Repayment — 15 September 2026.
Nominal — 1000 R.
Coupon rate — 11% per annum. There will be 30 coupon periods of 60 days each. The first will end on December 10, 2021, will pay 18,08 R. In October 2023, 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 4, 2023, applications for participation in it must be submitted from 25 to September 29, 2023. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.
Depreciation. The bond will be redeemed gradually: in July 2026 will pay 50% of the nominal, and another 50% - in September. After the amortization payment, the coupon size in rubles will decrease.
2 November, this bond was traded on average at 98.62% of par. The current yield at this price is 11.15%, simple yield to the offer — 11,8%, effective yield to put - 12.4% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.
Corporate bond
SME-Leasing 002R-05
Issuer - SME Leasing LLC.
Repayment - September 18, 2026.
Nominal — 1000 R.
Coupon rate - 12.25% per annum. There will be 60 coupon periods of 30 days each. The first will end on November 13, 2021, will pay 10.07 R.
Depreciation. The bond will be redeemed gradually: starting from November 2023, together with coupons, they will pay 2.778% of the face value. After each depreciation payment, the coupon amount in rubles will decrease. The last 2.77% will be paid off in September 2026.
2 November this bond was traded on average at 99.78% of par. The current yield at this price is 12.28%, simple yield to maturity — 8,64%, effective yield to maturity — 13.04% per annum.
Corporate bond
Motor technologies 001Р-03
Issuer - LLC NPP Motor Technologies.
Repayment - September 29, 2026.
Nominal — 1000 R.
Coupon rate — 11,75% per annum. There will be 20 coupon periods of 91 days each. The first will end on January 4, 2022, will pay 29.29 R.
Depreciation. The bond will be redeemed gradually: starting from December 2024, together with coupons, they will pay 12.5% of the face value. After each depreciation payment, the coupon amount in rubles will decrease.
2 November, this bond was traded on average at 99.74% of par. The current yield at this price is 11.79%, simple yield to maturity — 9,65%, effective yield to maturity - 12.37% per annum.
Corporate bond
Slavyansk ECO 001R-01
Issuer - LLC "Slavyansk ECO".
Repayment — 13 October 2026.
Nominal — 1000 R.
Coupon rate — 11% per annum. There will be 20 coupon periods of 91 days each. The first will end on January 18, 2022, will pay 27.42 R. 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 18, 2024, applications for participation in it must be submitted from 9 until October 15, 2024. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.
2 November this bond was traded on average at 99.7% of par. The current yield at this price is 11.03%, simple yield to the offer — 11,08%, effective yield to offer - 11.59% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.
Corporate bond
TECHNO Leasing 001R-05
Issuer - TECHNO Leasing LLC.
Repayment - September 3, 2027.
Nominal — 1000 R.
Coupon rate — 11,5% per annum. There will be 72 coupon periods of 30 days each. The first one ended on November 3, 2021, paid 9.45 R. The next payout is scheduled for December 3rd.
Depreciation. The bond will be redeemed gradually: starting from November 2025, every three months, together with the next coupon, they will pay 5% of the face value. After each depreciation payment, the coupon amount in rubles will decrease. The remaining 65% will be canceled in September 2027.
2 November, this bond was traded on average at 99% of par. The current yield at this price is 11.62%, simple yield to maturity — 11,08%, effective yield to maturity - 12.39% per annum.
Promotions
Foreign companies
Shares and depositary receipts began trading on the Moscow Exchange in October 80 foreign companies. Here is their list:
- American Electric Power.
- American International.
- Analog Devices.
- Bath & Body Works.
- Baxter International.
- Best Buy.
- BorgWarner.
- Cabot Oil & Gas.
- Caesars Entertainment.
- Capital One Financial.
- Carrier Global.
- Centene.
- CenterPoint Energy.
- Cerner.
- Citizens Financial Group.
- CMS Energy.
- Cognizant Technology Solutions.
- Conagra Brands.
- Corteva.
- CSX.
- Danaher.
- Delta Air Lines.
- Diamondback Energy.
- Discover Financial Services.
- DISH Network.
- Dollar Tree.
- Dominion Energy.
- Duke Energy.
- DXC Technology.
- Edwards Lifesciences.
- EOG Resources.
- Etsy.
- Exelon.
- Expedia Group.
- Fastenal.
- Fidelity National Information Services.
- Fifth Third Bancorp.
- FirstEnergy.
- Fortive.
- General Mills.
- Hanesbrands.
- Hess.
- Hilton Worldwide.
- Hologic.
- Howmet Aerospace.
- Ingersoll Rand.
- International Flavors & Fragrances.
- Intercontinental Exchange.
- International Paper.
- Interpublic Group.
- Juniper Networks.
- Lennar.
- Live Nation Entertainment.
- Marriott International.
- Molson Coors Beverage.
- Newell Brands.
- NiSource.
- NOV.
- NRG Energy.
- Otis Worldwide.
- Penn National Gaming.
- Pioneer Natural Resources.
- PPL.
- Prudential Financial.
- Public Service Enterprise Group.
- PulteGroup.
- Ross Stores.
- Skyworks Solutions.
- Southern.
- Synchrony Financial.
- Tapestry.
- The AES.
- The Hartford Financial Services Group.
- The Progressive.
- Truist Financial.
- one Group.
- Valero Energy.
- Wynn Resorts.
- Xcel Energy.
- Xilinx.
Bidding goes for rubles and dollars, dividends are paid in dollars. For dividend tax to be 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
Renaissance Insurance (KIDNEYS)
Shares of Renaissance Insurance Group began trading on the Moscow Exchange. This is one of the largest insurance companies in Russia, and on the eve of the IPO, we released an article about her business.
Trades go for rubles. 2 november one stock RENI cost about 112,5 R..
Exchange traded fund
Alpha - Quant (AKQU)
This exchange-traded mutual fund from Alfa-Capital Management Company allows you to invest in shares of American companies. A machine tool is used to select papers. education and managerial skills. The income is reinvested.
The general level of AKQU expenditures - up to 4,11% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the AKQU exchange price.
Bidding is for dollars. 2 November one share of AKQU was worth about 103,5 $.
Exchange traded fund
Raiffeisen - ETF Tactical Strategy (RQIE)
This exchange-traded fund from Raiffeisen Capital Management Company invests in European stock and bond funds and uses hedging instruments. Assets are selected based on an algorithmic strategy. The income is reinvested.
General RQIE Spending Level - Up to 0,89% 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 the RQIE.
Bidding is in Euro. 2 November one share of RQIE cost about 10,6 €.
Exchange traded fund
Sberbank - Savings (SBMM)
This exchange-traded mutual fund from Sber Asset Management Management Company allows you to invest in money market instruments. Profitability benchmark - RUSFAR rate.
Total SBMM expenditure - up to 0,5% 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 SBMM.
Trades go for rubles. 2 November, one share of SBMM was worth about 10 R.
Exchange traded fund
Tinkoff - Cybersecurity (TCBR)
This exchange-traded mutual fund from Tinkoff Capital Management Company consists of shares of approximately 30 companies, cybersecurity-related, e.g. Cloudflare and Fortinet. The income is reinvested.
Total cost TCBR - up to 0,69% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the TCBR exchange price.
Bidding goes for rubles and dollars. 2 November one share of TCBR cost about 7.2 R, or order 0,1 $.
Exchange traded fund
Tinkoff - ESG Leaders (TSST)
This BIF allows you to invest in the shares of 50 companies - leaders in the ESG Sustainalytics rating. This, for example, Sony, Moody’s, Nvidia and others. The income is reinvested.
Total TSST expense level - up to 0,69% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the TSST exchange price.
Bidding goes for rubles and dollars. 2 November, one TSST share cost about 7,2 R, or about 0,1 $.
Exchange traded fund
Tinkoff - Emerging Markets (TEMS)
This BIF allows you to invest in the stocks of large companies in emerging markets: Of Russia, China, Brazil, India, etc. d. Totally composed of approx. 60 Papers. The income is reinvested.
Total TEMS Costs - Up to 0,69% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the TEMS exchange price.
Bidding goes for rubles and dollars. 2 November, one TEMS share cost about 7,07 R, or a little less 0,1 $.
