Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - November 2, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds continued to face headwinds on Friday amid global risk aversion and a sharp drop in oil prices as the US election drew nearer. Underperformers included the Russia 43 (-0.6 pp) and Russia 28 (-0.5 pp).GOVERNMENT DEBTThe OFZ market remained fairly quiet on Friday, though yields moved 7-10 bps higher amid global risk aversion. Trading volumes totaled R14 bln. VTB CEO Andrei Kostin commented on Friday that OFZ yields had reached levels that are attractive for the bank, and that VTB has already invested R400-500 bln in OFZs and is ready to increase that amount to R750 bln by the end of the year. This would likely provide tangible support for the market.STORIES> Russia's basic sector output down 3% y-o-y again in September> Interfax: Gazprom non-CIS exports reach record in October> Petropavlovsk reports 1H20 IFRS results
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
Alexander Golinsky

Alisa Zakirova

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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