- Alisa Zakirova
- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Nikolay Minko
- Olga Sterina
- Research Team
- Rodion Lomivorotov
Debt Markets Today - February 2, 2021
CIS EUROBOND MARKETRussian sovereign Eurobonds continued to trade sideways yesterday, and the corporate segment came into focus. In oil and gas names, bids predominated in Gazprom medium-dated paper, but long-term and perpetual Gazprom bonds saw losses (down 0.3 pp). Elsewhere in the sector, the Lukoil 30 remained under pressure from local sellers. In the financial sector, the new Sovcombank 25 outperformed, adding 0.25 pp. Some other names saw gains, including Global Ports and Petropavlovsk.GOVERNMENT DEBTThe OFZ market remained insipid yesterday in the wake of the excessive weakening seen late last week. Yields closed 1-3 bps lower. Volumes were again not very high at just R12 bln. Nonresidents were selling intermediate paper, while locals were buying.STORIES> Russian economy shrinks 3.1% in 2020> OFZ Weekly Flows: Modest nonresident outflow from the belly> Gazprom reports record gas exports in January> DME Airport places 7y, $453 mln Eurobond at 5.35%
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.
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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