Report
Alexander Kudrin ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - February 16, 2018

CIS EUROBOND MARKET
Yesterday, thanks to a supportive external backdrop, bids prevailed in the Russian sovereign Eurobond market. Outperformers included the Russia 47, which rose 0.8 pp in price to 101.9% (YTM 5.1%, Z-spread 215 bps), and the Russia 42 and 43, which rose 0.6 pp apiece. The rest of the curve failed to move much.

GOVERNMENT DEBT
Nonresident demand was strong and focused in the belly of the curve. However, large offer volumes from local investors brought yields 1-2 bps lower at the long end. Volumes were significantly above average at more than R48 bln.

STORIES
> January sees strong industrial production
> Measures proposed to boost private investor demand for sovereigns
> Former head of Promsvyazbank files suit against CBR
> Metinvest in negotiations over debt refinancing
> Fitch affirms Socar's credit rating
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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Rodion Lomivorotov

Sergei Konygin

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