Top Liquid Corporate Bonds Traded on Moscow Exchange Listed Below

© ООО Региональные новости

Below is a list of the most liquid corporate bonds traded on the Moscow Exchange:

- Russian Agricultural Bank (RSKH) bond series BO-02-002R (ISIN code: RU000A1068R1) +0.1%;

- Polyus bond series PBO-04 (ISIN code: RU000A108L81) -0.1%;

- Borets Capital bond series 001P-05 (ISIN code: RU000A10EK71) -0.5%;

- AFK Sistema bond series 14 (ISIN code: RU000A101XN7) +0.1%.

In Russia, a ratings scale is used to assess the reliability of bonds:

- "AAA" bonds are the most reliable. These are usually large, systemically important companies, often with state participation.

- Bonds rated from "A-" to "AA+" are considered reliable. These are typically invested in by pension funds and other institutional investors.

- Bonds rated from "BBB-" to "BBB+" are in a transitional category. These may be reliable companies that are sensitive to adverse market or economic events (e.g., an increase in the key interest rate).

- Bonds rated from "B-" to "BB+" are high-yield issuers (HY). These carry high risks but also offer high returns. They are often issued by small or medium-sized businesses operating in risky sectors.

- Bonds rated "CCC" or "D" are on the brink of default, carrying the highest risks.

This overview was provided by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.