Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrew Keeley
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Vladimir Lezhnev

Долговые рынки сегодня - 26 февраля 2021

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГКотировки российских суверенных еврооблигаций падают на фоне значительного повышения доходности гособлигаций США. Наибольшее снижение было зафиксировано в выпусках Россия-47 и -43 - по 1,8 п. п. ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИНаклон кривой доходности ОФЗ быстро уменьшается: у среднесрочных выпусков доходность поднялась на 11-12 б. п., а у долгосрочных выросла всего на 4-5 б. п. Такая динамика в основном обусловлена тем, что продолжают расти доходности гособлигаций развитых рынков. При этом валюты развивающихся рынков слабеют против доллара, и рубль не стал исключением. Вместе с тем в длинном участке кривой ОФЗ доходность повышается более сдержанно, чем у аналогов, хотя ранее она росла опережающими темпами. Обороты составили 28 млрд руб.НОВОСТИ> По данным ЦБ РФ, доля нерезидентов на рынке ОФЗ выросла в январе на 0,1 п. п. до 23,4%> Небольшая группа держателей облигаций O1 Properties хочет добиться возмещения стоимости нот через суд> Полюс: хорошие результаты за 4К20 по МСФО, долговая нагрузка продолжает снижаться> Evraz: результаты за 4К20 на уровне ожиданий> ВТБ: показатели за 4К20 слабые, но менеджмент возлагает большие надежды на 2021 год> Ташкент планирует выпустить муниципальные еврооблигации
Underlyings
Evraz PLC

Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.

Polyus (GDR)

Polyus PJSC

PJSC Polyus is an open joint stock company based in Russia. Co. is engaged in operations as a gold production company. Co.'s major assets are: in Krasnoyarsk region, Olympiada deposit as well as Blagodantoe, Titimukhta, Tyrada, Olenii, Razdolinskaya, Zyryanovskaya and Panimba fields; in Irkutsk region, Zapadnoe, Verninskoe, Pervenets, and Chertovo Koryto and Mukodek goldfields as well as some 94 placer deposits; in Magadan region, Natalka deposit and smaller Degdekan and Vostochnoye fields; in the Republic of Sakha (Yakutia), Kuranakh ore body and Kyutchus field as well as 50% interest in the giant Nezhdaninskoye field; and in Amur region, Bamskoe gold field.CJSC Deloitte & Touche CIS

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 Golinsky

Alexey Kirichok

Alisa Zakirova

Andrew Keeley

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

Olga Sterina

Research Team

Vladimir Lezhnev

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