Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Kirill Rogachev
  • Mikhail Sheybe
  • Nikolay Minko
  • Research Team

Долговые рынки сегодня - 10 апреля 2020

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГВчера рынок российских суверенных еврооблигаций был довольно волатильным, однако по итогам дня длинные выпуски выросли в цене на 2 п. п., средне-срочные - на 0,4-0,5 п. п.ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИПеред заседанием ОПЕК+ доходности ОФЗ снижались. В роли покупателей выступали как локальные, так и иностранные участники рынка, среди продавцов были преимущественно локальные инвесторы. Также днем существенно выросли объемы торгов. Однако с началом видеоконференции ОПЕК+ на рынке резко усилилась волатильность. Тем не менее бумаги закрылись на уровнях, предшествовавших заседанию: доходность выпусков до пяти лет снизилась на 9-11 б. п., более длинных обязательств - на 3-6 б. п. В четверг обороты на рынке составили 40 млрд руб.НОВОСТИ> Страны ОПЕК+ договорились о рекордном снижении добычи> Россия согласилась сократить добычу нефти до 8,5 млн барр./сут.> Кредитные каникулы: вопросы и ответы> Международная ассоциация аэропортов представила сценарии развития событий в российской авиационной отрасли
Underlyings
Gazprom (GDR)

Gazprom Neft (GDR)

Gazprom Neft PJSC

Gazprom Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).

Gazprom PJSC

PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.

NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

NOVATEK JSC Sponsored GDR RegS

Oil company LUKOIL PJSC

PJSC Lukoil is a vertically-integrated oil company engaged in the exploration and production of crude oil and natural gas. Co. is engaged in all main sectors of the modern oil business including supplies, refining, marketing, transportation, petrochemicals and oil-related activities. Co.'s operations are divided into five business segments: Exploration and Production; Refining, Marketing and Distribution; Chemicals; Power Generation and Other Business Segments. Co. owns and operates refineries in Bulgaria (LUKOIL Neftochim Bourgas AD) and Romania (Petrotel-LUKOIL).

Rosneft Oil Co.

OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.

Rosneft Oil Co. Sponsored GDR RegS

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

Alexander Sychev

Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Andrey Gromadin

Anna Kotelnikova

Ekaterina Sidorova

Fedor Kornachev

Kirill Rogachev

Mikhail Sheybe

Nikolay Minko

Research Team

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