Report
Alisa Zakirova ...
  • Andrey Gromadin
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team

Debt Markets Today - November 17, 2021. Sovcomflot 3Q21 Results, Nord Stream 2 Certification Temporarily Suspended

CIS EUROBOND MARKETThe rise in UST yields in recent days and still-negative geopolitical backdrop continue to pressure Russian sovereign Eurobonds. The Russia 42 and 43 dropped a respective 0.6 pp and 0.8 pp in price yesterday. Medium-dated paper managed a slightly better performance, losing 0.4-0.6 pp. GOVERNMENT DEBTOFZs continued to take losses amid negative geopolitical news flow yesterday, with yields rising 3-10 bps. Trading volumes on the Moscow Exchange totaled R29 bln, close to the average over the last month. Most other EM 10y issues rose 3-15 bps in yield.STORIES> Sovcomflot reports 3Q21 IFRS results> Nord Stream 2 certification temporarily suspended
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.

Sovcomflot

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

Ekaterina Sidorova

Igor Rapokhin

Olga Sterina

Research Team

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