Report
Alexander Golinsky ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Nikolay Minko
  • Rodion Lomivorotov

Debt Markets Today - August 12, 2019

CIS EUROBOND MARKETThe Russian sovereign Eurobond market was not particularly active on Friday. Quotes moved higher in the evening but on limited volumes. The Russia 47 gained the most (+0.9 pp), while the Russia 43 and 35 added 0.6 pp.GOVERNMENT DEBTOFZ market liquidity was extremely low on Friday, and yields did not shift much, though they closed 2 bps higher in the 11-20y segment. Volumes totaled just R14 bln. The 2s10s spread fell 19 bps over the week to 36 bps, in line with the average for the previous month.STORIES> Russian current account surplus expands to $51.4 bln in 7m19> Fitch upgrades Russia's credit ratings> Foreign holdings of Russian sovereign Eurobonds rise to 2H14 levels> CBR posts data on nonresident OFZ purchases for July and early August> Gazprom Neft reports strong 2Q19 results
Underlyings
Gazprom Neft (GDR)

Gazprom Neft PJSC

Gazprom Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).

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

Alexey Bulgakov

Alisa Zakirova

Andrey Kuznetsov

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Nikolay Minko

Rodion Lomivorotov

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