Sberbank - Debt Markets Today - August 26, 2021. Russian Weekly Inflation, OFZ Auctions Review, TMK 2Q21 Results, Proposal for Bondholder Consent on Petropavlovsk IRC Sale

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Sberbank

Alisa Zakirova ...

Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Igor Rapokhin
Mikhail Sheybe
Olga Sterina
Research Team
Rodion Lomivorotov
Sergey Kolesnikov, FRM
Yuri Popov

Debt Markets Today - August 26, 2021. Russian Weekly Inflation, OFZ Auctions Review, TMK 2Q21 Results, Proposal for Bondholder Consent on Petropavlovsk IRC Sale

CIS EUROBOND MARKETRussian sovereign Eurobonds opened higher yesterday, with foreign accounts showing particular interest in the Russia 27, Russia 43 and Russia 47. However, US Treasury yields started to climb higher in the latter half of the trading session in Moscow, which erased the early gains and caused Russian sovereigns to close flat on the day. GOVERNMENT DEBTOFZ trading volumes on the Moscow Exchange recovered yesterday, jumping to R57 bln (1.5 times the one-month daily average). On average, the nominal curve finished little changed to Tuesday, despite a correction in the ruble. The "new" OFZs slightly lagged, adding a couple of basis points.STORIES> Weekly inflation in Russia accelerates to 0.1%> Russia's industrial output in July flat versus June level> Bi-Weekly FICC Strategy> Finance Ministry could soon resume auctions with limits> TMK 2Q21 results show positive trends> Petropavlovsk> Petropavlovsk shareholder UGC proposes bondholder consent on IRC stake sale

26/08/2021 49 EN

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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

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Mikhail Sheybe

Olga Sterina

Research Team

Rodion Lomivorotov

Sergey Kolesnikov, FRM

Yuri Popov

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Debt Markets Today - August 26, 2021. Russian Weekly Inflation, OFZ Auctions Review, TMK 2Q21 Results, Proposal for Bondholder Consent on Petropavlovsk IRC Sale

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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