Now we will show by examples how to buy bonds and then sell them again, and so that without a significant loss.
Let’s choose a 50/50 strategy, i.e. we would like to invest 50% of the capital in FLB and 50% in riskier bonds with high interest. On the Mosbirzhi website https://www.moex.com/s2644 check the box on the FLB in the BASIC block. Let’s display the bonds in descending order of the coupon rate (Fig.213).
Fig. 213. FLB bonds.
Next, our task is to choose from the top 6 lines the one with the lowest cost at the moment. All bonds have a nominal value of 1000 rubles. Open each one and look at the current price chart (Table 1).
Table 1. Comparison of FLB.
| Bond | Coupon rate, % per annum | Current value | Frequency of coupon payment, once a year | Maturity date |
| FLB 29010 | 14,63 | 1101 | 2 | 06.12.2034 |
| FLB 29013 | 14,46 | 980 | 4 | 18.09.2030 |
| FLB 29014 | 14,46 | 996,9 | 4 | 25.03.2026 |
| FLB 29016 | 14,46 | 990,9 | 4 | 23.12.2026 |
| FLB 29020 | 14,46 | 986 | 4 | 22.09.2027 |
| FLB 29009 | 13,78 | 1088,2 | 2 | 05.05.2032 |
Based on Table 1, we see that it will be advantageous for us to choose the cheapest FLB at the moment, with the largest number of payments per year with the highest coupon interest. It turns out that this is FLB 29013.
We launch the TRANSAQ terminal. It is assumed that the terminal is already configured as described above.
Click the right mouse button inside the “Financial Instruments” window and click “Select instrument”. Next, the Stock Market MB à Bonds à FLB 29013. Double-click on the empty square near the bond name with the left mouse button, click the “Apply” button below.
Further, as described above, we give an application, specify the required number of bonds (previously we assumed in our strategy that we wanted to buy such bonds in the amount of 50% of our capital to buy bonds) and buy them. That’s it!
Now let’s choose riskier bonds with a higher interest rate. To do this, we will install the “Corporate Bonds” filter on the Mosbirzhi website, if nothing suits us there, then we choose exchange-traded bonds and, last of all, commercial bonds.
So, in corporate bonds, we were attracted by the bond of Money-03, but going into the description of the bond, we see that it has the status “For qualified investors”. This means that we must have an account of 6 million rubles, so we are not interested in this paper. We are looking for bonds without such a status. We see that there is a certain bond “ARAGON ob” with a rate of 23% per annum with payment 4 times a year, repayment on 28.04.27, the current price is 1000 rubles, i.e. at par. It seems to suit the first signs. Next, you need to study what kind of organization it is, what it does, what its capital is.
First of all, we look at the coupon payment schedule. We see that payments are indicated until 02.05.2023. It’s good. Usually, the company can then lower the rate based on the results of its activities, but until 02.05.2023 it gives us the rate we need. We go to the issuer’s statements. Looking for a link to the information disclosure site
https://e-isclosure.ru/portal/company.aspx?id=36670&attempt=1. Next, we look for the annual report for 2020. Please note that there is no report for 2021!. We see that coupons are paid regularly, this is a certain state farm in the Novosibirsk region, the profit from sales in 2020 is 3.3 billion rubles. Net asset value 350 million rub. The current bonds that we want to buy are issued for 1 billion rubles. Further on the Internet we find more detailed information about the type of occupation of this issuer https://www.list-org.com/company/3786277 ?ysclid=l4v1vwc1zx339805828 . The authorized capital is 10,000 rubles. The main one (according to the OKVED (all-Russian classifier of types of economic activity) code, ed.2): 22.22 – Production of plastic products for packaging goods. Next, we find something interesting:
Information about violations:
1. Aragon LLC has no instructions on the organization of collection, accumulation, use, neutralization, transportation and placement of spent mercury-containing lamps in relation to specific conditions and there are no persons appointed in accordance with the established procedure responsible for waste management in the form of mercury, mercury-quartz, fluorescent lamps that have lost consumer properties – (FCCO code – 4 71 101 01 52 1).
Information on bringing the perpetrators to administrative responsibility:
Article 8.2 of the Administrative Code of the Russian Federation
Regulation No. 150/4 of 17.05.2017:
1. LLC “Aragon” does not have a confirmation of attribution to a specific hazard class in accordance with the procedure established by the federal executive authority authorized by the Government of the Russian Federation for the following wastes:
– waste (screening) of polyethylene granulate (FCCO code – none);
– polyethylene spec (FCCO code – missing);
– melt polyethylene plates (FCCO code – missing);
– – unsorted (defective) preforms (FCCO code – missing);
– crushed polyethylene (FCCO code – none).
Information on bringing the perpetrators to administrative responsibility:
Article 8.2 of the Administrative Code of the Russian Federation
Regulation No. 150/4 of 17.05.2017:
1. Aragon LLC does not have a passport drawn up in accordance with the procedure established by law for the following waste of hazard class I-IV:
– mercury, mercury-quartz, fluorescent lamps that have lost consumer properties (FCCO code 2016 – 4 71 101 01 52 1 );
– lead batteries, used, undamaged, with electrolyte (FCKO code 2016 – 9 20 110 01 53 2 );
– garbage from office and household premises of organizations, unsorted (excluding large-sized) (FCKO code – 7 33 100 01 72 4 );
– garbage and street estimates (FCKO code – 7 31 200 01 72 4 );
– garbage and estimates from the cleaning of warehouses are low-risk (FCKO code – 7 33 220 01 72 4 );
– spent air filters of motor vehicles (FCCO code – 9 21 301 01 52 4 );
– used vehicle oil purification filters (FCCO code – 9 21 302 01 52 3 );
– spent fuel filters for motor vehicles (FCCO code – 9 21 303 01 52 3 );
– waste of synthetic and semi-synthetic motor oils (FCCO code – 4 13 100 01 31 3 );
– waste antifreeze based on ethylene glycol (FCCO code – 7 32 100 01 30 4 );
– waste of transmission mineral oils (FCCO code – 4 06 150 01 31 3 );
– chambers of pneumatic tires of automobile used – (FCKO code – 9 21 120 01 50 4 ).
Information on bringing the perpetrators to administrative responsibility:
Article 8.2 of the Administrative Code of the Russian Federation
Regulation No. 150/4 of 17.05.2017:
1. Aragon LLC does not have a draft waste generation standards and limits for their placement developed in accordance with the procedure established by law.
Information on bringing the perpetrators to administrative responsibility:
Article 8.2 of the Administrative Code of the Russian Federation
Regulation No. 150/4 of 17.05.2017:
2. LLC “Aragon” does not keep records of generated, disposed, neutralized, transferred to other persons or received from other persons, as well as disposed waste in the prescribed form.
Information on bringing the perpetrators to administrative responsibility:
Article 8.2 of the Administrative Code of the Russian Federation
Regulation No. 150/4 of 17.05.2017:
1. LLC “Aragon” did not submit to the Department of Rosprirodnadzor for the Siberian Federal District statistical reports on form 2-TP (waste) “Information on the formation, use, neutralization, transportation and disposal of production and consumption waste” for 2016.
That is, at least we see that the company is working normally, although with violations of a number of laws concerning the regulation of work with industrial waste.
Considering that in 2020 the company managed to make 10x profit (compare income and net assets), you can take a risk and buy such bonds, carefully monitoring the activities of such an issuer.
In TRANSAQ, we find that it is difficult to buy such bonds, since there is almost no liquidity. It doesn’t work. Next, we go to exchange-traded bonds. We find bonds of the company “Fly Planning” JSC, which is already familiar to us, engaged in construction. We see a 24% APRIFP BP5 bond, repayment on 06/19/2025, 4 payments per year, the coupon payment schedule is until 03/22/2023. We open it in TRANSAQ. We see that liquidity is also low, but trading started on 06/23/12, i.e. the bond is fresh. Buy.