Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Research Team
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Debt Markets Today - October 19, 2020

CIS EUROBOND MARKETAn improved global backdrop on Friday helped Russian sovereign Eurobond spreads to narrow. The sovereigns did not respond to the sharp decline in benchmark yields throughout last week. For the day on Friday, the Russia 42 and Russia 35 outperformed, up 0.4 pp each.GOVERNMENT DEBTThe ruble stabilized Friday morning, allowing yields on medium-dated OFZs to descend 1-3 bps early in the session. They then stayed at these levels for the remainder of the day. Trading volumes were again fairly weak, totaling just R16 bln, with short-dated issues accounting for about a third of this.STORIES> Alrosa: 3Q20 trading update strong; earnings preview> VEON 3Q20 IFRS preview> TCS-Yandex negotiations terminated
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.

TCS Group Holding Plc Sponsored GDR Class A RegS

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.

VimpelCom Ltd. ADS

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
Alexander Golinsky

Alexey Kirichok

Alisa Zakirova

Anastasia Khakhaeva

Andrew Keeley

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

Research Team

Svetlana Sukhanova

Vladimir Lezhnev

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