Debt Markets Today - December 6, 2021. Petropavlovsk Deal to Sell IRC Stake, Market Recaps
CIS EUROBOND MARKETLong-dated Russian sovereign issues extended their gains on Friday, though they slightly lagged the rally in US Treasuries. The Russia 35 was again atop the leaderboard, climbing 0.8 pp in price, along with the Russia 28. The Russia 42 and 43 both advanced 0.6 pp, as did long-dated Gazprom issues. The Lukoil 31 added 0.7 pp. GOVERNMENT DEBTFloaters were traded more heavily than usual on Friday, registering a total of R13 bln in volume. Fixed-coupon issues saw just R16 bln traded, which is below the YTD average. Yields finished within 3 bps (in either direction) of where they closed on Thursday. This was a weaker performance than that of EM peers, which rallied amid a recovery in the US Treasury market. Other 10y EM issues shed 3-10 bps in yield.STORIES> Petropavlovsk closes deal to sell stake in IRC
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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