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

Debt Markets Today - February 20, 2019

CIS EUROBOND MARKETNonresident demand prevailed at the long end of the Russian sovereign Eurobond curve yesterday, while local demand dominated in the belly. However, the positive momentum was not strong. The issues maturing in 2042 47 gained 0.3 0.5 pp, while intermediate issues added 0.2 pp at most.GOVERNMENT DEBTLocal selling prevailed throughout the session at the long end of the OFZ curve, and yields finished the day 5-7 bps higher. The belly again saw limited activity. Volumes totaled R25 bln.STORIES> Moderate growth continues across Russian economy in January> CBR publishes breakdown of Russia 25 E holders> New floating-rate OFZs to re-energize OIS market> We recommend underweighting the new Uzbekistan issues> Belarusian GDP expands 0.7% y-o-y in January> Bank of Georgia Group publishes 4Q18 headline IFRS results
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.

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 Bulgakov

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Kirill Rogachev

Nikolay Minko

Rodion Lomivorotov

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