In September, new bonds of Russian companies appeared on the Moscow Exchange - as large, and small - and immediately 77 shares and depositary receipts of foreign companies. Several exchange-traded mutual funds also started trading, consisting of stocks and bonds.

We do not mention some of the new bonds. 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, investment bonds with yields pegged to some assets and securities, who at the time of preparation of the digest had obvious problems with liquidity.

Consider, that not all securities and derivatives are now available to everyone. To access a range of assets, for example, bonds with a rating below AAA, need to take a test. It's not needed, if the investor had transactions with such assets before October 1, 2021, or if he has the status of a qualified investor. Alternatively, you can agree to the risk notice and buy the 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**, when you close you will apply a type B deduction.

We write coupon size and pre-tax yield. 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 from the 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 ETFs - at the end of the material.

This is a review, not an investment recommendation. All decisions you make yourself.

## Corporate bond

VTB B-1-230

**Issuer** - PJSC "VTB Bank".

**Repayment **— 19 September 2022.

**Nominal **— 1000 Р.

**Coupon rate **- 6.9% per annum. There will be 4 coupon periods 91 every day. The first will end on December 20, 2021, will pay 17,2 Р.

1 October, this bond was traded on average at 100.1% of par. The current yield at this price is 6.89%, simple yield to maturity - 6,75%, effective yield to maturity - 6.94% per annum.

## Corporate bond

Promsvyazbank 003Р-06

**Issuer** - PJSC "Promsvyazbank".

**Repayment **— 1 September 2023.

**Nominal **— 1000 Р.

**Coupon rate **- 7.4% per annum. There will be 4 coupon periods of 182 days each. The first will end on March 4, 2022, will pay 36.9 R.

1 October this bond was traded on average for 101.55% of par. The current yield at this price is 7.36%, simple yield to maturity - 7,02%, effective yield to maturity - 7.2% per annum.

## Corporate bond

Alfa-Bank B2R14

**Issuer** - JSC "Alfa-Bank".

**Repayment **— 30 September 2023.

**Nominal **— 1000 Р.

**Coupon rate **— 7,9% annual. There will be 4 coupon periods of 182 days each. The first will end on March 30, 2022, will pay 39.61 R.

1 October, this bond was on average traded at 100.5% of par. The current yield at this price is 7.86%, simple yield to maturity - 7,59%, effective yield to maturity - 7.76% per annum.

## Corporate bond

Reinnolts 001R-01

**Issuer** - LLC "Reinnolts".

**Repayment **— 5 September 2024.

**Nominal **— 1000 Р.

**Coupon rate **- 12.5% per annum. There will be 12 coupon periods of 91 days each. The first will end on December 9, 2021, will pay 31.16 R.

**Depreciation.** The bond will be redeemed gradually: in September 2022 and 2023, together with the next coupon, they will pay 20% of the face value, the remaining 60% of the face value will be paid in September 2024. After amortization payments, the coupon size in rubles will decrease.

1 October, this bond was traded on average at 100.66% of par. The current yield at this price is 12.42%, simple yield to maturity - 9,57%, effective yield to maturity - 12.71% per annum.

## Corporate bond

Promsvyazbank 003Р-07

**Issuer** - PJSC "Promsvyazbank".

**Repayment **- September 10, 2024.

**Nominal **— 1000 Р.

**Coupon rate **— 8,15% annual. There will be 6 coupon periods of 182 days each. The first one will end 15 March 2022, will pay 40.64 R.

1 October this bond was traded on average at 99.83% of par. The current yield at this price is 8.16%, simple yield to maturity - 8,18%, effective yield to maturity - 8.37% per annum.

##
Corporate bond

RN Bank BO-001Р-09

**Issuer** - JSC "RN Bank".

**Repayment **— 12 September 2024.

**Nominal **— 1000 Р.

**Coupon rate **- 7.85% per annum. There will be 6 coupon periods of 183 days each. The first will end on March 12, 2022, will pay 39.36 R.

1 October, this bond was traded on average at 99.99% of par. The current yield at this price is 7.85%, simple yield to maturity - 7,81%, effective yield to maturity - 8% per annum.

##
Corporate bond

Interlizing 001R-02

**Issuer** - LLC "Interlizing".

**Repayment **— 24 September 2024.

**Nominal **— 1000 Р.

**Coupon rate **- 9.9% per annum. There will be 12 coupon periods of 91 days each. The first will end on December 28, 2021, will pay 24,68 Р.

**Depreciation.** The bond will be redeemed gradually: starting from June 2023, together with coupons, they will pay 16,5% denomination. The last 17.5% of the face value will be paid in September 2024. After each amortization payment, the amount of the coupon in rubles will decrease.

1 October, this bond was traded on average at 100.27% of par. The current yield at this price is 9.87%, simple yield to maturity - 7,72%, effective yield to maturity - 10.12% per annum.

##
Corporate bond

Expobank 001Р-01

**Issuer** - Expobank JSC.

**Repayment **- September 24, 2024.

**Nominal **— 1000 Р.

**Coupon rate **- 9% per annum. There will be 12 coupon periods of 91 days each. The first will end on December 28, 2021, will pay 22.44 R.

1 October, this bond was traded on average at 99.98% of par. The current yield at this price is 9%, simple yield to maturity - 8,99%, effective yield to maturity - 9.31% per annum.

##
Corporate bond

Aerofuels 002R-01

**Issuer** - Aerofuels JSC.

**Repayment **— 26 September 2024.

**Nominal **— 1000 Р.

**Coupon rate **- 9.9% per annum. There will be 12 coupon periods of 91 days each. The first will end on December 30, 2021, will pay 24.68 R.

1 October this bond was traded on average at 100.33% of par. The current yield at this price is 9.87%, simple yield to maturity - 9,74%, effective yield to maturity - 10.12% per annum.

##
Corporate bond

SOPF Infrastructure bonds 01

**Issuer** - LLC "SOPF" Infrastructure bonds "".

**Repayment **- November 15, 2024.

**Nominal **— 1000 Р.

**Coupon rate **— 8% annual. There will be 6 coupon periods, the first will end on November 15, 2021 with payment 11,62 Р, further payments will be made every six months for 39,67 or 40,33 Р.

1 October, this bond was on average traded at 100.03% of par. The current yield at this price is 8%, simple yield to maturity - 7,97%, effective yield to maturity - 8.15% per annum.

##
Corporate bond

Sberbank 001Р-SBERD1

**Issuer** - PAO Sberbank.

**Repayment **- February 28, 2025.

**Nominal **— 1000 Р.

**Coupon rate **absent, since this is a discount bond. Income is generated due to the fact, that a bond has been issued and is trading below par, but extinguished at par.

1 October, this bond was traded on average at 79.06% of par. At this price, the effective yield to maturity is 7.7% per annum.

##
Corporate bond

Europlan 001R-04

**Issuer** - PAO «LK„ Europlan “».

**Repayment **— 25 March 2025.

**Nominal **— 1000 Р.

**Coupon rate **— 8,8% annual. Will be 14 coupon periods of 91 days each. The first will end on December 28, 2021, will pay 21.94 R.

**Depreciation.** The bond will be redeemed gradually: starting from December 2022, together with coupons, they will pay 10% of the face value. After each amortization payment, the amount of the coupon in rubles will decrease.

1 October, this bond was on average traded at 100.41% of par. The current yield at this price is 8.76%, simple yield to maturity - 5,87%, effective yield to maturity - 8.81% per annum.

##
Corporate bond

Henderson B01

**Issuer** - LLC "Tami and ko".

**Repayment **— 25 March 2025.

**Nominal **— 1000 Р.

**Coupon rate **- 10.5% per annum. There will be 14 coupon periods of 91 days each. The first will end on December 28, 2021, will pay 26,18 Р.

**Depreciation.** The bond will be redeemed gradually: starting from December 2022, together with coupons, they will pay 5, then 7.5, then 15% of the nominal. After each amortization payment, the amount of the coupon in rubles will decrease.

1 October this bond was traded on average at 99.96% of par. The current yield at this price is 10.5%, simple yield to maturity - 7,94%, effective yield to maturity - 10.93% per annum.

##
Corporate bond

RESO-Leasing BO-P-05

**Issuer** - RESO-Leasing LLC.

**Repayment **— 28 August 2025.

**Nominal **— 1000 Р.

**Coupon rate **— 8,5% annual. There will be 8 coupon periods of 182 days each. The first will end on March 3, 2022, will pay 42,38 Р.

1 October this bond was traded on average at 99.31% of par. The current yield at this price is 8.56%, simple yield to maturity - 8,67%, effective yield to maturity - 8.89% per annum.

##
Corporate bond

First collection bureau 001Р-02

**Issuer** - NAO «PKB».

**Repayment **— 19 September 2025.

**Nominal **— 1000 Р.

**Coupon rate **— 10,75% annual. There will be 16 coupon periods of 91 days each. The first will end on December 24, 2021, will pay 26,8 Р.

**Depreciation.** The bond will be redeemed gradually: starting from June 2023, together with coupons, they will pay 10% of the face value. After each amortization payment, the amount of the coupon in rubles will decrease.

1 October, this bond was traded on average at 99.91% of par. The current yield at this price is 10.76%, simple yield to maturity - 7,72%, effective yield to maturity - 11.22% per annum.

##
Corporate bond

Region-Product 001R-02

**Issuer** - JSC "Region-product".

**Repayment **- September 3, 2026.

**Nominal **— 1000 Р.

**Coupon rate **— 10,75% annual. There will be 20 coupon periods of 91 days each. The first will end on December 9, 2021, will pay 28.67 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 amortization payment, the amount of the coupon in rubles will decrease.

1 October, this bond was on average traded at 100% of par. The current yield at this price is 11.5%, simple yield to maturity - 9,39%, effective yield to maturity - 11.99% per annum.

##
Corporate bond

Russian Agricultural Bank BO-14-002R

**Issuer** - JSC "Rosselkhozbank".

**Repayment **- September 3, 2026.

**Nominal **— 1000 Р.

**Coupon rate **— 10,75% annual. Will be 10 coupon periods of 182 days each. The first will end on March 10, 2022, will pay 38,89 Р. In March 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 March 12, 2024, applications for participation in it must be submitted with 1 until March 7, 2024. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

1 October, this bond was traded on average at 99.64% of par. The current yield at this price is 7.82%, simple yield to put - 7,93%, effective yield to offer - 8.12% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

##
Corporate bond

Avtoban-Finance BO-P03

**Issuer** - AO Avtoban-finans.

**Repayment **— 8 September 2026.

**Nominal **— 1000 Р.

**Coupon rate **— 8,9% annual. There will be 10 coupon periods of 182 days each. The first will end on March 15, 2022, will pay 44,38 Р. In September 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 September 15, 2023, applications for participation in it must be submitted with 6 until September 12, 2023. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

1 October, this bond was traded on average at 99.99% of par. The current yield at this price is 8.9%, simple yield to put - 8,87%, effective yield to put - 9.1% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

##
Corporate bond

Avtodor BO-004Р-01

**Issuer** - state company "Russian Highways".

**Repayment **— 8 September 2026.

**Nominal **— 1000 Р.

**Coupon rate **— 7,95% annual. There will be 10 coupon periods of 182 days each. The first will end on March 15, 2022, will pay 39.64 R.

1 October, this bond was traded on average at 98.8% of par. The current yield at this price is 8.05%, simple yield to maturity - 8,26%, effective yield to maturity - 8.41% per annum.

##
Corporate bond

LSR BO 001R-07

**Issuer** - PAO "LSR Group".

**Repayment **— 11 September 2026.

**Nominal **— 1000 Р.

**Coupon rate **- 8.65% per annum. There will be 20 coupon periods 91 every day. The first will end on December 17, 2021, will pay 21.57 R.

**Depreciation.** The bond will be redeemed gradually: in September 2024, together with the coupon, they will pay 20% of the face value, in September 2025 and 2026 - on 40%. After each amortization payment, the amount of the coupon in rubles will decrease.

1 October this bond was traded on average at 99.95% of par. The current yield at this price is 8.65%, simple yield to maturity - 7,24%, effective yield to maturity - 8.94% per annum.

##
Corporate bond

Leader-Invest BO-P03

**Issuer** - JSC "Lider-invest".

**Repayment **- September 15, 2026.

**Nominal **— 1000 Р.

**Coupon rate **— 9,1% annual. There will be 20 coupon periods of 91 days each. The first will end on December 21, 2021, will pay 22.69 R.

**Depreciation.** The bond will be redeemed gradually: starting from September 2024, together with coupons, they will pay 11% of the face value. The last 12% will be paid in September 2026.

1 October this bond was traded on average at 99.74% of par. The current yield at this price is 9.12%, simple yield to maturity - 7,34%, effective yield to maturity - 9.49% per annum.

##
Corporate bond

Mail.ru Finance 001Р-01

**Issuer** - Mail-ru Finance LLC.

**Repayment **- September 15, 2026.

**Nominal **— 1000 Р.

**Coupon rate **- 7.9% per annum. There will be 10 coupon periods of 182 days each. The first will end on March 22, 2022, will pay 39.39 R.

1 October this bond was traded on average at 99.9% of par. The current yield at this price is 7.91%, simple yield to maturity - 7,9%, effective yield to maturity - 8.08% per annum.

##
Corporate bond

CBOM-26

**Issuer** — CBOM Finance (PAO «MKB»).

**Repayment **— 15 September 2026.

**Nominal **— 1000 $.

**Coupon rate **— 3,875% annual. There will be 10 coupon periods of 182 days each. The first will end on March 21, 2022, will pay 19.38 $.

1 October, this bond was traded on average at 99.5% of par. The current yield at this price is 3.89%, simple yield to maturity - 3,93%, effective yield to maturity - 3.97% per annum.

##
Corporate bond

ISK Petroengineering 001R-01

**Issuer** - LLC "ISK" Petroengineering ".

**Repayment **- September 18, 2026.

**Nominal **— 1000 Р.

**Coupon rate **- 9.75% per annum. There will be 20 coupon periods of 91 days each. The first will end on December 24, 2021, will pay 24.31 R. In September 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 assigned to 25 September 2024, applications for participation in it must be submitted with 16 by 20 September 2024. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

1 October this bond was traded on average at 100.01% of par. The current yield at this price is 9.75%, simple yield to put - 9,72%, effective yield to offer - 10.1% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

##
Corporate bond

DirectLeasing 001R-07

**Issuer** - Direct Leasing LLC.

**Repayment **— 23 September 2026.

**Nominal **— 1000 Р.

**Coupon rate **— 11,5% annual. There will be 20 coupon periods 91 every day. The first will end on December 29, 2021, will pay 28,67 Р.

**Depreciation.** The bond will be redeemed gradually: in June 2022, together with the coupon, 15% of the face value will be paid, in September 2024 - 20%, in September 2025 - 25%. The remaining 40% will be paid off in September 2026. After each amortization payment, the amount of the coupon in rubles will decrease.

1 October this bond was traded on average at 99.77% of par. The current yield at this price is 11.53%, simple yield to maturity - 8,59%, effective yield to maturity - 12.08% per annum.

##
Corporate bond

DOM.RF mortgage agent BO-001Р-09

**Issuer** - LLC "Dom.rf mortgage agent".

**Repayment **— 28 August 2031.

**Nominal **— 1000 Р.

**Coupon rate **- 7.65% per annum. There will be 48 coupon periods of one month. The first will end on November 28, 2021, will pay 17,19 Р.

1 October this bond was traded on average at 99.72% of par. The current yield at this price is 7.67%, simple yield to maturity - 7,65%, effective yield to maturity - 7.91% per annum.

##
Promotions

Foreign companies

1 September shares and depositary receipts began to be traded on the Moscow Exchange 77 foreign companies. Here is a list of them.:

- A. O. Smith.
- Abiomed.
- Acadia Pharmaceuticals.
- Aflac.
- Air Products and Chemicals.
- Albemarle.
- Altria.
- ANSYS.
- Assuring.
- Archer-Daniels-Midland.
- Atmos Energy.
- Automatic Data Processing.
- Beckton, Dickinson and Company.
- Beyond Meat.
- Bilibili.
- Brown-Forman.
- Cardinal Health.
- Cincinnati Financial.
- Ribbons.
- Cleveland-Cliffs.
- Clorox.
- Consolidated Edison.
- Dover.
- Devon Energy.
- Enphase Energy.
- Expeditors International of Washington.
- F5 Networks.
- Fastly.
- First Solar.
- Franklin Resources.
- Funko.
- General Dynamics.
- Genuine Parts.
- Heron Therapeutics.
- Hormel Foods.
- Huntington Bancshares.
- Illinois Tool Works.
- J. P. Morgan Chase.
- Jacobs Engineering.
- KeyCorp.
- Kimberly-Clark.
- Morgan children.
- COMPLAIN.
- Leggett and Platt.
- Livent.
- McCormick and Company.
- MSCI.
- News.
- NVR.
- OraSure Technologies.
- Paycom Software.
- PBF Energy.
- People’s United Financial.
- Pinterest.
- Plug Power.
- PPG Industries.
- Quidel.
- Regions Financial.
- Renewable Energy Group.
- Robinhood Markets.
- Roper Technologies.
- Sarepta Therapeutics.
- Sherwin-Williams.
- SolarEdge Technologies.
- Sysco.
- T. Rowe Price.
- Teladoc Health.
- Teledyne Technologies.
- TSMC.
- Tyler Technologies.
- V. F.
- Vulcan Materials.
- W. W. Grainger.
- Walgreens Boots Alliance.
- West Pharmaceutical Services.
- Williams.
- XPeng.

Bidding is for rubles and dollars, dividends are paid in dollars. So that the tax on dividends is 10 a plus 3%, but not 30%, you must sign the W-8BEN form. How to do it, will be advised by the support staff of your broker.

##
Exchange traded fund

Alpha - Space (AKSC)

This exchange-traded mutual fund from Alfa-Capital Management Company allows you to invest in shares of companies, space-related, according to the index "Alpha Capital Space". The income is reinvested.

AKSC total expense level - up to 1,81% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the AKSC exchange price.

Bidding is for rubles and dollars. 1 October one share of AKSC cost about 72 R, or about 0.98 $.

##
Exchange traded fund

VTB - Fund for Sustainable Development of Russian Issuers (VTBF)

This exchange-traded mutual fund from VTB Capital Management Company allows you to invest in shares of Russian companies, with a strong focus on the environment and social development. Tracked index "RSPP - Vector of sustainable development of Russian issuers". The income is reinvested.

VTBF total expenditure level - up to 1,3% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the VTBF exchange price.

Bidding is for rubles. 1 October one VTBF share cost about 99 R.

##
Exchange traded fund

Opening - Asia Stocks (OPNA)

This exchange-traded mutual fund from Otkritie Management Company consists of shares of developed and developing countries in Asia, excluding Japan. The largest weight in China, Taiwan and Korea. MSCI All Country Asia ex Japan index is tracked, for this, the fund buys shares **ETF** AAXJ. The income is reinvested.

OPNA total spending level - up to 1,48% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the OPNA exchange price. AAXJ still has expenses 0,7% in year.

Bidding is for rubles and dollars. 1 October one OPNA share cost about 70 R, or about 0.96 $.

##
Exchange traded fund

Opening - European Stocks (OPNE)

This BIF allows you to invest in the shares of the largest European companies according to the Euro Stoxx index 50. To do this, the fund buys shares of ETF CSX5. The greatest weight is in France, Germany and the Netherlands. The income is reinvested.

OPNE total spending level - up to 1,68% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the OPNE exchange price. The CSX5 fund still has expenses 0,1% in year.

Bidding is for rubles and euros. 1 October, one share of OPNE cost about 83 R, or 0,99 €.

##
Exchange traded fund

Opening - Shares of the Russian Federation (OPNR)

This BIF allows you to invest in the shares of the largest Russian companies according to the Moscow Exchange Index - 15. The income is reinvested.

OPNR total spending level - up to 1,41% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the OPNR exchange price.

Bidding is for rubles. 1 October, one share of OPNR cost about 105 R.

##
Exchange traded fund

Opening - RF Bonds (OPNB)

This BIF allows you to invest in bonds of Russian companies rated from BB− to BBB− according to the RUCBITRBB corporate bond index, in which 60 papers. The income is reinvested.

OPNB total spending level - up to 1,31% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the OPNB exchange price.

Bidding is for rubles. 1 October, one share of OPNB cost about 100 RUR.

##
Exchange traded fund

Opening - US Bonds (OPNU)

This BIF consists of high-yield dollar-denominated bonds, mainly from US issuers.. Markit iBoxx USD Liquid High Yield Capped Index tracked, why the fund buys shares of ETF SHYU. The income is reinvested.

OPNU total spending level - up to 1,58% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the OPNU exchange price. The SHYU Foundation still has 0,5% in year.

Bidding is for rubles and dollars. 1 October, one OPNU share cost about 75 RUR, or about 1.03 $.

##
Exchange traded fund

Raiffeisen - American Stocks (RCUS)

This exchange-traded fund from the Raiffeisen Capital Management Company tracks the S index&P 500, why the fund buys shares of ETF CSPX. The income is reinvested.

The general level of RCUS expenditures is up to 0,99% per year of the fund's net asset value. Expenses are gradually deducted from the fund's assets and thus included in the RCUS exchange price. The CSPX fund still has 0,07% in year.

Bidding is for rubles and dollars. 1 October one RCUS share cost about 98 R, or about 1.34 $.