â— CBR cuts key rate by 0.5% to 8.5%, no dovish rhetoric
â–¼ Government mulls incremental excise tax increase
â— Promsvyazbank (PSBR RX; NR) and Vozrozhdenie bank (VZRZ RX; NR) merge
â–² RusHydro (HYDR RX; BUY – TP RUB1.13) could still increase dividends
â— System Operator releases preliminary KOM-2021 results
AHML (BB+/Ba1/BBB-) opens the book for a RUB10bn bond, coupon guidance of 8.1-8.2%, and 8.35-8.46% yield to the 1Y put
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