- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Igor Rapokhin
- Olga Sterina
- Research Team
- Rodion Lomivorotov
Debt Markets Today - August 6, 2021. R1.6 trln to be Invested From NWF Over 2022-24, Earnings Reports From Evraz and Nornickel
CIS EUROBOND MARKETDespite the upward movement in UST yields yesterday, prices on Russian sovereign Eurobonds maturing in 2035 and later saw gains. The Russia 42 outperformed, adding 0.4 pp, while the Russia 47 and Russia 43 each gained 0.2 pp.GOVERNMENT DEBTOFZ trading volumes on the Moscow Exchange were again rather respectable yesterday, totaling R47 bln (about 1.5 times the average for the previous month). About R26 bln of this was attributable to medium-dated issues with a fixed coupon. Yields fell 1-3 bps following Wednesday's strong auction results, a stabilization in the US Treasury market and data showing negative weekly inflation in Russia.STORIES> R1.6 trln to be invested from NWF over 2022-24> Evraz reports 1H21 financial results; gross debt at all-time low> Nornickel publishes 1H21 financial resultsEvraz 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.
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).
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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