Most Liquid Corporate Bonds Traded on Moscow Exchange Listed Below

15:25; 10 February 2026 year

### Most Liquid Corporate Bonds Traded on Moscow Exchange Below is a list of the most liquid corporate bonds currently traded on the Moscow Exchange: - **RSKH Bond Series BO-02-002R (ISIN: RU000A1068R1)**: -0.1% - **Polyus Bond Series PBO-04 (ISIN: RU000A108L81)**: +1% - **Borets Capital Bond Series 1R-01 (ISIN: RU000A105ZX2)**: -0.3% - **AFK Sistema Bond Series 14 (ISIN: RU000A101XN7)**: +0.3% In Russia, a national credit rating scale is used, which differs from international standards. Here is a brief explanation of the rating categories: - **AAA**: The highest-rated bonds, issued by large, systemically important companies, often with state participation. - **A- to AA+**: Reliable bonds, typically invested in by pension funds and other institutional investors. - **BBB+ to BBB+**: Transitional category. These bonds are issued by companies that may be sensitive to adverse market or economic conditions (e.g., an increase in the key interest rate). - **B+ to BB+**: High-yield bonds (HY bonds). These carry higher risks but also offer higher returns. They are often issued by small and medium-sized businesses operating in riskier sectors. - **CCC, D**: Bonds on the brink of default, carrying the highest risks. This overview was provided by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure