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

Debt Markets Today - March 6, 2018

CIS EUROBOND MARKET
Trading in Russian sovereign Eurobonds yesterday was mixed. Buying predominated at the long end of the curve, while sellers had the upper hand in the belly. The Russia 43 outperformed, climbing 0.3 pp to 113.5% (YTM 4.9%, Z-spread 201 bps), while the Russia 26 was a laggard, shedding 0.2 pp to close at 104.7% (YTM 4.1%, Z-spread 127 bps).

GOVERNMENT DEBT
Volumes remained low yesterday, and yields were little changed.


STORIES
> REM: Why consumption will continue outpacing GDP
> Surprisingly large fall in interventions in March
> Promsvyazbank posts January RAS data
> Otkritie Bank and B&N Bank report January RAS numbers
> O1 Properties: O1 Group agrees to sell its stake to Laysa Group
> Georgia Capital places 6y Eurobond at 6.375%
> National Bank cuts base rate by 25 bps
Underlying
Bank of Georgia Group

BGEO Group is a holding company. Together with its subsidiary, JSC Bank of Georgia (the Bank) and other subsidiaries, Co. makes up a group of companies that provide banking, insurance, real estate, utility, leasing, beverage production and distribution, brokerage and investment management services to corporate and individual customers. Co. has two operating segments: banking business, which comprises: retail banking and payment services, corporate investment banking and wealth management operations and banking operations in Belarus; and investment business, which comprises Co.'s stakes in Georgia Healthcare Group PLC, Georgia Global Utilities, m2 Real Estate, Aldagi and Teliani Valley.

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

Alexander Sychev

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Rodion Lomivorotov

Sergei Konygin

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