Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team

Debt Markets Today - September 1, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds posted modest gains yesterday amid a decline in US Treasury yields and a stable geopolitical backdrop. The top performers were the Russia 29 (+0.3 pp) and Russia 47 (+0.2 pp).GOVERNMENT DEBTOFZ yields came down 4-6 bps in the middle and at the long end of the curve yesterday as geopolitical risks cooled down and global risk appetite heated up. Trading activity was not weak despite the UK holiday. Nonresidents were seen buying 5y and 10y paper, with much of the selling attributable to local accounts. Trading volumes totaled R19 bln.STORIES> OFZ Weekly Flows: Trend of nonresidents increasing duration returns> Gazprom 2Q20 IFRS results: Even weaker quarter than expected> Gazprom 2Q20 conference call highlights
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

Ekaterina Sidorova

Nikolay Minko

Research Team

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