Report
Alexander Kudrin ...
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Plastinin
  • Nikolay Minko
  • Rodion Lomivorotov
  • Sergei Konygin
  • Tom Levinson
  • Yuri Popov

Debt Markets Today - March 5, 2018

CIS EUROBOND MARKET
Russian sovereign Eurobond quotes continued to slide amid limited volumes. Long-dated issues sank 0.4 pp. The Russia 47 fared the worst, sliding to 103.0% (YTM 5.1%, Z-spread 213 bps). Other issues moved 0.2 pp lower.

GOVERNMENT DEBT
OFZ yields rose 1-3 bps along the entire curve on low volumes. Over the week, the 2s10s spread was little changed.


STORIES
> German and Italian election outcomes unlikely to change sanctions
> FX interventions set to decline from record high
> Finance Ministry may offer to exchange up to three Eurobond issues
> Credit Bank of Moscow: January RAS numbers
> Norilsk Nickel 2H17 IFRS preview: Strong EBITDA, weak leveraged FCF
> Ruling party candidate elected president in Armenia
Underlyings
MMC Norilsk Nickel PJSC

MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).

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

Alisa Zakirova

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Irina Lapshina

Kirill Plastinin

Nikolay Minko

Rodion Lomivorotov

Sergei Konygin

Tom Levinson

Yuri Popov

Other Reports on these Companies
Other Reports from Sberbank

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