- Alisa Zakirova
- Andrew Keeley
- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Kirill Rogachev
- Nikolay Minko
- Research Team
- Rodion Lomivorotov
Debt Markets Today - August 21, 2020
CIS EUROBOND MARKETRussian sovereign Eurobonds again found themselves on the retreat yesterday, with prices sliding 1.3-1.4 pp at the long end of the curve and 0.4-0.9 pp in the middle. Other CIS sovereigns also retreated. Kazakh issues lost 1.3 pp and Belarusian paper 0.5-0.8 pp. GOVERNMENT DEBTOFZ yields were on the rise from the start yesterday, pushing 5-8 bps higher in the belly of the curve and 3-5 bps higher on issues maturing in longer than 10y. At that point, bids from both residents and nonresidents emerged (especially for long-dated issues), though yields did not budge and finished the day at these higher levels. Volumes picked up, reaching R19 bln.STORIES> Basic sector output data shows economic recovery continued in July> Gazprom Neft 2Q20: FCF weak on elevated capex> CBR releases banking sector data for July> BGEO 2Q20 IFRS: ROE back above 20% despite hit to revenues
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 Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).
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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