- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Igor Rapokhin
- Olga Sterina
- Research Team
- Rodion Lomivorotov
Debt Markets Today - October 12, 2021. Russian Current Account, Alrosa September Sales, D-SIB Status for Tinkoff, Ukrainian Macro Data
CIS EUROBOND MARKETThe Eurobond market was inactive yesterday due to the US holiday. GOVERNMENT DEBTThe week got off to an unsurprisingly quiet start given the holiday in the US yesterday. OFZ yields edged 1-3 bps higher amid low volumes (just R10 bln changed hands on the Moscow Exchange). Leading the way was the floating-rate OFZ 24021 (April 2024), with R4 bln. We note that amid gains in the oil price, yields in other local bond EM markets rose across the board, with 10y paper climbing 2-10 bps in yield. Meanwhile, the local IRS/XCCY curves climbed 2-7 bps yesterday.STORIES> Russia's current account posts $40.8 bln surplus in 3Q21> OFZ Weekly Flows: New OFZ yield levels prompt renewed nonresident inflows at the end of last week> Alrosa releases September sales results> Tinkoff Bank given formal D-SIB status in Russia> Ukraine's 2Q21 GDP growth revised upward to 5.7% y-o-y> Inflation in Ukraine jumps to 11.0% y-o-y in SeptemberAK 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.
TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.
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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