- Alexey Bulgakov
- Alisa Zakirova
- Andrew Keeley
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Irina Lapshina
- Rodion Lomivorotov
- Sergei Konygin
Debt Markets Today - August 10, 2018
CIS EUROBOND MARKETRussian sovereign Eurobonds, like other Russian assets, witnessed a large-scale selloff in the morning but recovered slightly by noon and stabilized around those levels. The Russia 28 suffered the most, sliding 1.2 pp to 159.7% (YTM 5.0%, Z-spread 203 bps), followed by the Russia 43, which slipped 0.5 pp to 106.9% (YTM 5.4%, Z-spread 235 bps).GOVERNMENT DEBTInvestors continued to actively sell OFZs in the morning, and yields climbed as much as 18 bps among 5y and longer issues. The market began to stabilize later, and yields eased back along the curve to close 10 bps higher on the day on average. Volumes were slightly up on the day at R36 bln. Floaters were unchanged throughout the session.STORIES> Current account surplus expands to $60.7 bln in 7m18> Evraz publishes strong 1H18 IFRS results> VTB publishes good 2Q18 IFRS results> Weaker tenge to support Kazakhstan's current account in 2H18> Eurotorg releases 2Q18 operating results> Tajikistan Economic Update: Going all inEvraz 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.
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.
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.
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