Report
Alisa Zakirova ...
  • Andrey Gromadin
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Sergey Kolesnikov, FRM
  • Yuri Popov

Debt Markets Today - October 5, 2021. Gazprom Starts Filling Nord Stream 2 with Gas, Kernel Releases FY2021 Report

CIS EUROBOND MARKETThe risk-off sentiment in global markets continued to pressure Russian sovereigns yesterday. The biggest decline came in the Russia 42, 43 and 47, all of which shed 0.6 pp in price. The Russia 35 lost 0.4 pp, while changes elsewhere along the curve were insignificant. GOVERNMENT DEBTOFZ yields rose 8-10 bps yesterday amid increased selling pressure from nonresident investors, which owed largely to the broad outflow of money from EM local debt. Other EM markets also witnessed a selloff yesterday. The 10y local sovereign bonds of Hungary, Mexico and South Africa jumped 10-15 bps in yield. Meanwhile, OFZ trading volumes were modest at just R15 bln.STORIES> October Ruble/FX Flows: Local factors benign for ruble, but external backdrop presents risks> OFZ Weekly Flows: Nonresident outflows in all three segments> Gazprom starts filling Nord Stream 2 with gas> Kernel releases fiscal-year 2021 report> Inflation in Kazakhstan climbs to 8.9% y-o-y in September
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

Olga Sterina

Research Team

Rodion Lomivorotov

Sergey Kolesnikov, FRM

Yuri Popov

Other Reports on these Companies
Other Reports from Sberbank
Alisa Zakirova ... (+8)
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov

ResearchPool Subscriptions

Get the most out of your insights

Get in touch