Report
Alisa Zakirova ...
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Igor Vasilyev
  • Konstantin Samarin
  • Maria Martynova
  • Research Team
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - December 15, 2021. CBR Preview, Fed Preview, EU Gas Market Regulation Plans, Kazakhstan Rates Update

CIS EUROBOND MARKETThe CIS Eurobond market remained inactive yesterday with the Fed decision looming. The only significant changes in price within the sovereign segment were from the Russia 43 and Kazakhstan 44, which added 0.2 pp and 0.3 pp, respectively. In the corporate segment, the only noteworthy price changes were from the Alfa Bank 30 sub and Sovcombank perp, which lost a respective 0.2 pp and 0.3 pp.GOVERNMENT DEBTOFZ yields added 2-4 bps yesterday amid extended losses for risk assets globally. Turnover amounted to R24 bln, below the average for the last month. Other EM local debt markets also closed in the red, with the 10y yields rising 2-20 bps.STORIES> Liquid part of NWF to exceed 10% of GDP as soon as 2023> 2022 FX & Liquidity Preview: Strong fundamentals to back ruble and FX liquidity> CBR Preview: Doubling down on tightening> Federal Reserve Preview: Treading lightly still> EU reportedly planning to strengthen gas market security> Kazakhstan local rates: Passing through choppy waters
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.

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

Andrey Gromadin

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Igor Vasilyev

Konstantin Samarin

Maria Martynova

Research Team

Rodion Lomivorotov

Yuri Popov

Other Reports on these Companies
Other Reports from Sberbank
Alisa Zakirova ... (+8)
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov

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