Report
Alisa Zakirova ...
  • Andrey Kuznetsov
  • Cole Akeson
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Nikolay Minko
  • Olga Sterina
  • Research Team

Debt Markets Today - May 19, 2021

CIS EUROBOND MARKETRussian sovereign Eurobonds finished flat yesterday, the Russia 47 being an exception with a 0.4 pp loss. The euro-denominated issues sank 0.3 pp.GOVERNMENT DEBTTrading activity in the OFZ market remained rather muted yesterday, with volumes totaling to just R9 bln. The most traded issue was the 10y inflation-linked OFZ 52002 (July 2030), which registered turnover of R1.4 bln. For most of the day, investors were looking ahead to the announcement on today's OFZ auction, which did not end up having much of an effect at all on the secondary market - yields rose just 1-3 bps afterward.STORIES> Media: Biden to waive sanctions for now against Nord Stream 2 parent company> Update on euro-denominated Russian sovereign Eurobonds> Conservative offering at this week's OFZ auctions> Alrosa 1Q21 IFRS: Net debt turns negative
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.

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

Andrey Kuznetsov

Cole Akeson

Ekaterina Sidorova

Igor Rapokhin

Nikolay Minko

Olga Sterina

Research Team

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