Russian Corporate Bonds Trade Mixed on MICEX

15:17; 07 April 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 Bank bond issue BO-02-002R (ISIN code: RU000A1068R1)**: -0.1% - **Polyus bond issue PBO-04 (ISIN code: RU000A108L81)**: +0.2% - **Borets Capital bond issue 1R-01 (ISIN code: RU000A105ZX2)**: -0.7% - **AFK Sistema bond issue 14 (ISIN code: RU000A101XN7)**: +0.8% In Russia, a national rating scale is used. The following categories are commonly applied: - **"AAA" bonds**: These are the most reliable, issued by large systemically important companies, often with state participation. - **"A-" to "AA+" bonds**: These are reliable securities, commonly invested in by pension funds and other institutional investors. - **"BBB+" to "BBB+" bonds**: This is a transitional category, typically issued by companies that may be sensitive to adverse market or economic events (e.g., an increase in the key interest rate). - **"B+" to "BB+" bonds**: These are high-yielding bonds (HY bonds), with higher risks and higher yields, usually issued by small or medium-sized businesses operating in riskier sectors. - **"CCC" and "D" bonds**: These are on the brink of default, carrying the highest risks. This overview was presented by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the "Higher School of Management" Faculty of the Financial University under the Government of the Russian Federation.

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