- Alexey Kirichok
- Alisa Zakirova
- Andrew Keeley
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Irina Lapshina
- Kirill Rogachev
- Nikolay Minko
- Research Team
- Rodion Lomivorotov
- Vladimir Lezhnev
Debt Markets Today - July 22, 2020
CIS EUROBOND MARKETRising global risk appetite provided a tailwind for Russian sovereign Eurobonds yesterday. The Russia 43 and 47 led the way with gains of 0.5 pp. GOVERNMENT DEBTOFZs found demand from local investors throughout the course of yesterday's trading, which allowed for yields at the short and long ends to come down, while there was initially little activity in the middle of the curve. However, after the Finance Ministry announced which issues it will auction off today, yields in the belly began to drop too. At the end of the session, yields were down 3-7 bps across the curve. Trading volumes picked up to R43 bln, the highest level so far this month.STORIES> SberIndex edges lower in the week to July 19> CBR preview: 50 bp cut likely, 25 bps possible> RusHydro proposes hiking capex program R171 bln over next five years> Evraz: A detailed look at a complex business> Belarusian GDP shrinks 1.7% y-o-y in 1H20Evraz 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.
PJSC RusHydro is a hydro-generating company based in Russia. Co. is engaged in the generation and sale of electricity and capacity on the Russian wholesale and retail markets, as well as generation and sale of heat energy. The main activity of Co. is production of power from renewable energy sources, developing power generation using water flows, tidal, wind and geothermal energy. It has an installed electricity generation capacity of 38.5 GW; and heat capacity of 16.2 GCal/h.
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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