Report
Alisa Zakirova ...
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Konstantin Samarin
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Yaroslav Lissovolik

Debt Markets Today - December 23, 2021. Russian Weekly Inflation, Industrial Output; US-Russia Security Talks; Gazprom 2022 Update; Kazakh Economic Activity

CIS EUROBOND MARKETThe CIS Eurobond market continued winding down yesterday, with only the Russia 28 (down 0.2 pp) and Kazakhstan 44 and 45 (down 0.3 pp each) recording price changes.GOVERNMENT DEBTYesterday, against the backdrop of rising risk appetite across global markets and a strengthening ruble, OFZs closed with gains. Short-dated yields fell 7-8 bps as investors continued to put ruble liquidity into OFZs ahead of the long New Year holidays. Meanwhile, long-dated yields ended the day 3-7 bps lower. Turnover was R30 bln, with R16.5 bln at the short end changing hands.STORIES> Weekly inflation at 0.3% over week ending December 20> Industrial output growth eases to 7% y-o-y in November> EU, US to coordinate security talks with Russia> Less than half of 4Q21 borrowing plan raised> Gazprom's management provides update on 2022 plans> Economic activity in Kazakhstan surges in November
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

Konstantin Samarin

Olga Sterina

Research Team

Rodion Lomivorotov

Yaroslav Lissovolik

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