Sberbank - Debt Markets Today - October 15, 2020

Report

Sberbank

Alexander Golinsky ...

Alisa Zakirova
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Nikolay Minko
Research Team
Rodion Lomivorotov

Debt Markets Today - October 15, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds have continued to trade sideways, thus still ignoring the decline in benchmark yields. Only the Russia 43 showed a more decisive performance, moving 0.2 pp lower in price. GOVERNMENT DEBTTrading in the OFZ market was very calm in the first half of yesterday's session, with little price movement. After the Finance Ministry wrapped up its auction for the 15y nominal OFZ 26233, in which it placed R22 bln with a premium of 2-3 bps (see our story below), yields on medium-dated issues picked up 1-4 bps. Trading volumes totaled just R11 bln yesterday.STORIES> Consumer prices in Russia rise 0.1% last week> OFZ Auction Results: 4Q borrowing could be higher than planned> GTLK plans to buy back $150 mln in GTLK 21, place new 7y paper> National Bank keeps refinancing rate at 7.75%

15/10/2020 16 EN

Provider

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.

See profile

Analysts

Alexander Golinsky

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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Debt Markets Today - October 15, 2020

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Russia FX/Rates Snapshot - March 24, 2022. Ruble Could Take a Pause After Sharp Gains

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