Sberbank - ALROSA PJSC (ALRS) Debt Markets Today - April 12, 2021

Report

Sberbank

Alexander Golinsky ...

Alexey Kirichok
Alisa Zakirova
Ekaterina Sidorova
Igor Rapokhin
Irina Lapshina
Nikita Mitrofanov
Nikolay Minko
Olga Sterina
Research Team
Rodion Lomivorotov

Debt Markets Today - April 12, 2021

CIS EUROBOND MARKETRussian sovereign Eurobonds retreated on Friday amid pressure from a rise in UST yields and selling from local investors. The Russia 43 and 47 posted the biggest declines in price, each losing 0.3 pp.GOVERNMENT DEBTThe geopolitical backdrop continues to pressure the OFZ market. Yields climbed 2-3 bps on Friday. Trading, however, remains thin: turnover came in at R28 bln on Friday, although R12 bln of that was attributable to the OFZ 26205 maturing next Wednesday.STORIES> Fixed Income Quarterly: Surviving the perfect storm> Alrosa: March sales results, preliminary 1Q21 earnings preview> Atomenergoprom plans to issue green bonds> Changes to OFZ trade recommendations> JPMorgan planning to include local Ukrainian bonds in its indexes

12/04/2021 47 EN

Underlying

ALROSA PJSC

AK Alrosa PAO. AK Alrosa PAO (Aktsionernaya kompaniya ALROSA PAO or ALROSA Company PJSC), formerly AK Alrosa OAO, is a Russia-based company which is principally engaged in the exploration, mining, manufacture and sales of diamonds. Its operations include five Integrated Mining and Processing Complexes: Mirny, Udachny, Aikhal, Anabar and Nyurba located in the Sakha Republic; sorting divisions and diamond cutting and polishing division. The Company is a member of variable diamonds associations. It operates through several representative offices, branches and subsidiaries, including Alrosa-Nyurba OAO, Almazy Anabara OAO and Severalmaz OAO.

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RU0007252813 Moscow Exchange MICEX-RTS Russia

Provider

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.

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Analysts

Alexander Golinsky

Alexey Kirichok

Alisa Zakirova

Ekaterina Sidorova

Igor Rapokhin

Irina Lapshina

Nikita Mitrofanov

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

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Debt Markets Today - April 12, 2021

The Rear-View Mirror – EME markets: Turkey still on top (resend)

WOOD Daily: SOLUTION AB; JAHEZ AB; MOH GA; KOFOL CP; PEN CP; PKO PW; SHO PW; ALRS RM; 4IG HB

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Russian Consumer - Unemployment and Income: The Outlook for 2022

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