Report
Alisa Zakirova ...
  • Anastasia Khakhaeva
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova

Debt Markets Today - April 30, 2021

CIS EUROBOND MARKETAhead of the long holidays in Russia trading in sovereign Eurobonds has been reduced to a trickle. Price movements yesterday were generally minimal, although the issues maturing in 2029 and 2047 managed to add 0.3 pp in price. Other sovereigns in the region were unchanged for the day. GOVERNMENT DEBTThe OFZ market has seen sluggish trading ahead of what will be a long break in Russia. Trading volumes yesterday came in at just R14 bln. Early in the day yields ticked 1-2 lower amid an upbeat external backdrop. However, risk sentiment soured with the US open and long-dated OFZs gave back the early gains as the ruble weakened. The day closed with yields on long-dated issues having risen 1-2 bps from Wednesday's closing levels. Mid-dated issues, meanwhile, closed 1 bp lower.STORIES> Basic sector output up 2.4% y-o-y in March, 0% for 1Q21> Gazprom 4Q20 IFRS: Strong beat on EBITDA and FCF> Gazprom investor day: Key highlights> VEON's 1Q21 results in line, Russia and Pakistan improving
Underlyings
Gazprom (GDR)

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.

VimpelCom Ltd. ADS

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
Alisa Zakirova

Anastasia Khakhaeva

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Svetlana Sukhanova

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