Report
Alexander Kudrin ...
  • Alexander Golinsky
  • Alexander Sychev
  • Alisa Zakirova
  • Andrew Keeley
  • Ekaterina Sidorova
  • Elena Tsareva
  • Irina Lapshina

Debt Markets Today - March 19, 2018

CIS EUROBOND MARKET
Friday’s trading in the Russian sovereign Eurobond segment was mixed. The Russia 28 outperformed, adding 0.2 pp in price to close at 167.1% (YTM 4.5%, Z-spread 164 bps). The Russia 47 also advanced 0.2 pp, reaching 100.6% (YTM 5.2%, Z-spread 228 bps). The Russia 42 was an underperformer, shedding 0.2 pp to finish at 108.1% (YTM 5.0%, Z-spread 209 bps).

GOVERNMENT DEBT
OFZ yields moved lower on Friday following an extended ascent. Long-dated issues gave back 2 bps in yield, while only select shorter issues were in demand. An exception was the 1y OFZ 26216, which surged 7 bps to 6.37% on elevated volume.


STORIES
> Alrosa releases 4Q17 IFRS results
> Finance Ministry places $4 bln in Eurobonds but does not use full quota
> Halyk Bank 4Q17 IFRS: Mixed quarter, eyes on 2018 outlook
> Moody's raises Belarus's credit rating to B3
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.

Halyk Savings Bank of Kazakhstan GDR

Halyk Savings Bank of Kazakhstan JSC

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 Kudrin

Alexander Golinsky

Alexander Sychev

Alisa Zakirova

Andrew Keeley

Ekaterina Sidorova

Elena Tsareva

Irina Lapshina

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