Report
Alisa Zakirova ...
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team

Debt Markets Today - November 12, 2021. Alrosa Results, Alfa Bank Planning New Perpetual Eurobond Issue

CIS EUROBOND MARKETRussian sovereign Eurobonds continued to retreat yesterday. Prices moved another 0.25-0.75 pp lower, although transactions were seen only in the Russia 29, 35 and 47. GOVERNMENT DEBTOFZs extended their streak of gains yesterday in the absence of a significant portion of nonresident investors due to the US holiday. OFZs shorter than 3y outperformed the rest of the curve, shedding 7-12 bps in yield. They also accounted for roughly R14 bln of the R42 bln traded in OFZs yesterday, which is higher than the volumes registered for both medium- and long-dated nominal issues. The declines in yield beyond the 3y mark ranged from 2-7 bps.STORIES> Alrosa publishes 3Q21 financial results> Alfa Bank planning to place perpetual subordinated Eurobonds
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

Ekaterina Sidorova

Igor Rapokhin

Olga Sterina

Research Team

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