Report
Alexey Kirichok ...
  • Alisa Zakirova
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - April 20, 2021

CIS EUROBOND MARKETRussian sovereign Eurobond quotes continued to consolidate around the levels reached last week on low volumes. The Russia 47, which eased 0.3 pp, was the sole mover.GOVERNMENT DEBTThe OFZ market was volatile yesterday despite quite modest volumes. Yields jumped 10-12 bps at the open following the increase in geopolitical risks over the weekend. However, by the close yields were just 6-7 bps above Friday's closing levels.STORIES> CBR preview: Seeking the right pace of normalization> OFZ Weekly Flows: Nonresident outflows continue> Evraz launches consent solicitation due to potential coal spinoff> Nornickel posts 1Q21 trading update, raises production guidance> Alfa Bank places $350 mln in subordinated bonds at 5.5%> US renews sanctions against nine Belarusian companies> Ukraine expects to receive next SBA tranche in September
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.

Mining and Metallurgical Company NORILSK NICKEL (GDR)

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
Alexey Kirichok

Alisa Zakirova

Ekaterina Sidorova

Igor Rapokhin

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Yuri Popov

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