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

Debt Markets Today - September 24, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds had another restrained day yesterday. Nevertheless, as the curve has steepened notably over the last month, long-dated paper has found demand at current prices. The Russia 47 outperformed yesterday, adding 0.4 pp on the day. Meanwhile, investors were taking profit in the shorter Russia 23 and Russia 26.GOVERNMENT DEBTConcerns over a possible escalation in geopolitical tension and a weakening ruble placed pressure on long-dated paper yesterday. Yields ended 1-3 bps higher. Turnover came in at R23 bln.STORIES> Consumer prices in Russia flat last week> OFZ auction results: Finance Ministry places R120 bln> Gazprom mulls Eurobond placement in dollars or euros> Weaker consumption and exports drag on Ukrainian GDP in 2Q20> NC KMG to buy back 2022 and 2023 bonds, will finance with new issue
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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch