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

Debt Markets Today - March 7, 2018

CIS EUROBOND MARKET
Russian sovereign Eurobond quotes retreated in the morning and advanced in the afternoon, in line with movements in US Treasury yields. By the close, however, quotes were little changed on the day. Long issues (the Russia 42 and 43) remained in demand among Asian investors.

GOVERNMENT DEBT
Local demand for OFZs was modest. In the afternoon, yields eased 1-3 bps at the long end and 3-5 bps in the belly. They were unchanged at the short end. Volumes stayed below average.


STORIES
> Russian inflation remains at 2.2% y-o-y in February
> Finance Ministry steps up operations in secondary market in February
> S&P upgrades VTB to BBB- in wake of sovereign rating upgrade
> B&N Bank to be recapitalized
Underlyings
VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Rodion Lomivorotov

Sergei Konygin

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