- Alisa Zakirova
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Nikolay Minko
- Rodion Lomivorotov
- Sergei Konygin
Debt Markets Today - June 7, 2018
CIS EUROBOND MARKETRussian sovereigns continued to drop yesterday. Underperforming the market was the Russia 42, which dropped 0.2 pp to 102.4% (YTM 5.4%, Z-spread 238 bps).GOVERNMENT DEBTThe Finance Ministry yesterday fully placed R15 bln in the 7y OFZ 26223 (February 2024, 6.50%) at a 2-3 bp premium to the secondary market but just R11.6 bln out of a planned R15 bln in the 10y OFZ 26224 (May 2029, 6.9%) at a premium of about 8 bps. The issues were oversubscribed by 2.1 and 1.2 times, respectively. The slope of the curve will likely continue to steepen.STORIES> Russian prices up by 0.1% over the previous week> Increase in OFZ issuance not to exceed R0.5 trln per year> Prime minister asks Rada to remove finance minister
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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