Sberbank - Debt Markets Today - April 14, 2021

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Sberbank

Alexander Golinsky ...

Alisa Zakirova
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Igor Rapokhin
Nikolay Minko
Research Team
Rodion Lomivorotov

Debt Markets Today - April 14, 2021

CIS EUROBOND MARKETRussian sovereign Eurobond prices slid yesterday. The biggest decliners were the Russia 35 and Russia 26, which lost 0.5 pp and 0.2 pp, respectively.GOVERNMENT DEBTOFZs traded sideways for most of the day yesterday, but the Finance Ministry's announcement of which issues will be offered up at today's auctions caused yields to jump 2 bps. However, an improvement in the geopolitical backdrop later on triggered a sharp shift downward, and yields ended the session 3-6 bps lower. Trading volumes totaled R18 bln. The briskest trading (R6 bln) came in the OFZ 25083 (December 2021), which is likely due to funds being reinvested in light of the redemption this week.STORIES> Detailed March inflation data shows concerning trend> Alfa Bank to test market with dollar-denominated T2 subs> Pricing considerations on upcoming Alfa Bank T2 sub deal> Georgia plans new 5y dollar Eurobond> Belarusian inflation stabilizes at 8.5% y-o-y in March

14/04/2021 46 EN

Provider

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.

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Analysts

Alexander Golinsky

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Nikolay Minko

Research Team

Rodion Lomivorotov

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Debt Markets Today - April 14, 2021

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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