- Alexey Kirichok
- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Irina Lapshina
- Nikolay Minko
- Olga Sterina
- Research Team
- Rodion Lomivorotov
- Vladimir Lezhnev
Debt Markets Today - February 11, 2021
CIS EUROBOND MARKETRussian sovereign Eurobonds continue to trade without a clear trend despite the falling US Treasury yields in recent days.GOVERNMENT DEBTOFZ quotes remained under pressure yesterday as the Finance Ministry offered generous premiums at the auctions (see the story below). Unsurprisingly, the nominal issues placed yesterday suffered the most: the OFZ 26234 (July 2025) was yielding 3 bps higher, while the OFZ 26235 (March 2031) was yielding 7 bps higher. Yields on other issues rose 2-5 bps, though the release of US inflation data later caused them to come back and close flat on the day. Volumes totaled R22 bln.STORIES> Inflation climbs to 0.2% in week ending February 8> Russia registers R185 bln budget deficit in January> OFZ Auction Results: Demand at auctions remains weak> EuroChem 2H20 and 2020 financials: Leverage down> Alrosa reports strong January sales> Gazprom places EUR1 bln, 6y Eurobond at 1.5%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.
PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.
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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