On the Dynamics of Trading Corporate Bonds on the MICEX (Moscow Stock Exchange)

16:03; 09 December 2025 year

Below are the most liquid corporate bonds traded on the Moscow Exchange: - RSCHB bond issue B0-02-002R (ISIN code - RU000A1068R1) -0.1%; - Polyus PBO-04 (ISIN code - RU000A108L81) -0.9%; - Boretz Capital 1R-01 (ISIN code - RU000A105ZX2) -0.1%; - AFK System bond issue 14 (ISIN code - RU000A101XN7) +0.1%. In Russia, the national rating scale is used. Bonds rated "AAA" are the most reliable. These are usually large system-forming companies with state participation. Bonds from "A-" to "AA+" are reliable papers. They are invested in by pension funds and other institutional investors. Bonds from "BBB+" to "BBB-" are a transitional category. These can be reliable companies that are sensitive to adverse market and economic events (e.g., an increase in the key interest rate). Bonds from "B+" to "BB+" are high-yield issuers (HY). Risks are high, as is the return. These can be small and medium-sized businesses operating in risky sectors. Bonds "CCC", "D" are on the verge of default. These bonds have the highest risks. The review was presented by Yulia Grishchenko, a member of the listing expert council of the Moscow Exchange, Ph.D. in Economics, head of the Financial and Investment Management Department at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.

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