Report
Alexander Golinsky ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - June 11, 2020

CIS EUROBOND MARKETAhead of the Fed decision, the Russian sovereign Eurobond market saw little in the way of changes. For the day, the only price movements came in the Russia 29 and Russia 47, which moved 0.3 pp and 0.4 pp lower, respectively.GOVERNMENT DEBTTrading was not particularly active on the OFZ market yesterday morning, with yields ticking lower by no more than 3 bps ahead of the Finance Ministry auctions and Fed decision. In the evening, yields declined another 3-5 bps in the belly but rose 1-3 bps at the long end. Volumes were just R20 bln.STORIES> Price growth in Russia slows to zero last week> Russian current account posts surplus of $5.4 bln in May> New Development Bank plans to place debut dollar bond> Samruk-Kazyna postpones IPOs of its subsidiaries, including NC KMG> Inflation in Belarus slows to 4.9% y-o-y in May
Underlying
Aeroflot Russian Airlines

PJSC Aeroflot Russian Airlines is an international air transport company which is engaged in operations in Russia. The principal activity of Co. is the provision of passenger and cargo air transportation services both domestically and internationally and other aviation services from its base at Moscow Sheremetevo Airport. Co. and its subsidiaries also includes activities comprising airline catering, the operation of a hotel and insurance services. Associated undertakings mainly comprise hotel and duty-free retail businesses. The principal business segments are airline operations, airline catering, hotel operations and other.

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Alexander Golinsky

Alexey Bulgakov

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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