Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Kirill Rogachev
  • Rodion Lomivorotov

Debt Markets Today - August 15, 2019

CIS EUROBOND MARKETRussian sovereign Eurobond quotes surged yesterday amid a sharp drop in US Treasury yields. Long-dated paper outperformed (+2 pp), but turnover was not high. It was nonresidents who were buying. Most activity was seen in the belly, where quotes climbed 0.7-1.1 pp.GOVERNMENT DEBTOFZ yields rose 2-3 bps amid a decline in risk appetite. Nonresidents were selling, while local accounts were buying. Volumes totaled R55 bln, with R12 bln going through in the OFZ 29006 and R13 bln in the OFZ 26214.STORIES> Russian consumer prices decline 0.1% last week> Gazprom publishes gas delivery statistics for 1H19> Economic activity in Kazakhstan slows in July> BGEO 2Q19 review: Strong corporate lending, NIM weakens further
Underlyings
Bank of Georgia GDR

Bank of Georgia Group

BGEO Group is a holding company. Together with its subsidiary, JSC Bank of Georgia (the Bank) and other subsidiaries, Co. makes up a group of companies that provide banking, insurance, real estate, utility, leasing, beverage production and distribution, brokerage and investment management services to corporate and individual customers. Co. has two operating segments: banking business, which comprises: retail banking and payment services, corporate investment banking and wealth management operations and banking operations in Belarus; and investment business, which comprises Co.'s stakes in Georgia Healthcare Group PLC, Georgia Global Utilities, m2 Real Estate, Aldagi and Teliani Valley.

Gazprom (GDR)

Gazprom PJSC

PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.

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
Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Kirill Rogachev

Rodion Lomivorotov

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