Report
Alexey Kirichok ...
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Mikhail Sheybe
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - April 19, 2021

CIS EUROBOND MARKETPrices on Russia's sovereign Eurobonds rose sharply for a second day straight on Friday amid interest from foreign investors. The biggest gains were seen in the Russia 42 and 47, which added 2.0 pp apiece.GOVERNMENT DEBTThe OFZ market saw a continued rally on Friday thanks to demand from locals, whereas foreign accounts continued to lighten positions. Yields moved 15-20 bps lower early in the day, but managed to retrace some of that move later on, closing 8-10 bps below the previous close.STORIES> Bi-Weekly FICC Strategy> Severstal reports expectedly strong 1Q21 IFRS results> Alrosa 1Q21 trading update review and earnings preview> NBU hikes key rate by 100 bps to 7.5%> Kazakh economy improves in March
Underlyings
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.

Severstal (GDR)

Severstal PAO

PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.

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
Alexey Kirichok

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Mikhail Sheybe

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Yuri Popov

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