Report
Alexander Kudrin ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Elena Tsareva
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - May 22, 2018

CIS EUROBOND MARKETThe Russian sovereign market closed with losses yesterday on what was a typically subdued Monday. Underperforming the most was the Russia 43, which declined 0.4 pp to close at 104.0% (YTM 5.6%, Z-spread 244 bps). The Russia 27 dropped 0.2 pp to 95.9% (YTM 4.8%, Z-spread 173 bps). GOVERNMENT DEBTAs is usual for a Monday, activity was low, with turnover below average. Yields rose as much as 7 bps among issues maturing in up to 5y, while further along the curve movements were not as significant. Floaters were also little changed, though the inflation-linked OFZ 52001 closed 4 bps lower in price.STORIES> Kazakhstan Economic Update: Gauging the impact of higher oil prices> Nostrum Oil publishes 1Q18 IFRS results> BGEO 1Q18 IFRS review: Strong start, but NIM under pressure> Armenia's economic activity gauge dips to 7.3% y-o-y in April
Underlying
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 Kudrin

Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Elena Tsareva

Rodion Lomivorotov

Sergei Konygin

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  • Igor Rapokhin
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov

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