Report
Alisa Zakirova ...
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Georgiy Ivanin
  • Igor Rapokhin
  • Olga Sterina
  • Research Team
  • Sergey Kolesnikov, FRM

Debt Markets Today - July 19, 2021. Russia's 2Q21 External Debt Print; Severstal 2Q21 Financials; Trading Updates From Alrosa, Global Ports and MHP; Armenia Set to Receive EU Economic Assistance

CIS EUROBOND MARKETCIS Eurobonds continued to consolidate on Friday. Russian sovereign and corporate Eurobonds closed flat for the day, the only exception being the Gazprom 29, which fell 0.2 pp in price.GOVERNMENT DEBTA deterioration of risk sentiment globally pushed OFZ yields 1-2 bps higher on Friday. Trading volumes on the exchange totaled R25 bln, nearly two thirds of which came in the 3-4y issues.STORIES> Russia's external debt grows to $471.4 bln in 2Q21> Severstal releases 2Q21 operating and financial results> Alrosa publishes 2Q21 trading update> Global Ports publishes strong 2Q21 trading update> MHP publishes 2Q21 operating update> Inflation in Ukraine stabilizes at 9.5% y-o-y in June> Economic growth in Kazakhstan nearly flat at 4.9% y-o-y in June> National Bank of Belarus raises rates 75 bps amid surging inflation> GDP growth in Belarus accelerates to 3.3% y-o-y in 1H21> Armenia set to receive EUR2.6 bln in EU economic assistance and investments
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.

Global Ports Investments (GDR)

MHP SE Sponsored GDR RegS

MHP is a holding company. Through its subsidiaries, Co. is engaged in poultry and related operations, grain growing, as well as other agricultural operations. Co.'s poultry and related operations integrate all functions related to the production of chicken, including hatching, fodder manufacturing, raising chickens to marketable age, processing and marketing of branded chilled products and include the production and sale of chicken products, sunflower oil, mixed fodder and convenience food products. Grain growing produces and sells grains. Other agricultural operations comprise the production and sale of cooked meat, sausages, beef, milk, goose meat, foie gras, fruit and feed grains.

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
Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Georgiy Ivanin

Igor Rapokhin

Olga Sterina

Research Team

Sergey Kolesnikov, FRM

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch