- Andrey Gromadin
- Anna Kotelnikova
- Ekaterina Sidorova
- Igor Rapokhin
- Olga Sterina
- Research Team
Debt Markets Today - May 31, 2021. Russian Household Inflation Expectations Remain Elevated; Gazprom Mints Impressive FCF in 1Q21
CIS EUROBOND MARKETOn Friday, trading activity in the Russian sovereign Eurobond market weakened considerably heading into the extended weekend in both the US and Europe. The price changes were minimal, with euro-denominated issues representing the only exception. The Russia 32 E, for example, shed 0.2 pp.GOVERNMENT DEBTOn Friday, the OFZ market continued to digest the reported acceleration in weekly inflation to 0.2%, with short- and medium-term issues rising by 2-3 bps in yield and long-term issues by 1 bp. Turnover amounted to R19 bln, with 40% attributable to floating-rate issues.STORIES> Household inflation expectations stay near four-year highs> Gazprom 1Q21 results show robust FCF
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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