Debt Markets Today - August 29, 2018
CIS EUROBOND MARKETFollowing the significant correction recently and extended period of consolidation thereafter related to increased geopolitical uncertainty, Russian sovereign Eurobonds managed to rebound yesterday. An absence of negative news drove the gains. The Russia 28 led the market, adding 0.9 pp to 160.3% (YTM 4.9%, Z-spread 200 bps). Meanwhile, the issues maturing in 2022, 2023 and 2043 gained 0.5 pp apiece.GOVERNMENT DEBTOFZ yields fell an average of 3 bps across the curve early in the day yesterday, but started to rise later and ended up finishing near previous levels. Trading volumes were R11 bln. Floaters were also more or less flat on the day. STORIES> Lukoil and Gazprom: 2Q18 results preview> Comment on Halyk Bank's 2Q18 IFRS results
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.
PJSC Lukoil is a vertically-integrated oil company engaged in the exploration and production of crude oil and natural gas. Co. is engaged in all main sectors of the modern oil business including supplies, refining, marketing, transportation, petrochemicals and oil-related activities. Co.'s operations are divided into five business segments: Exploration and Production; Refining, Marketing and Distribution; Chemicals; Power Generation and Other Business Segments. Co. owns and operates refineries in Bulgaria (LUKOIL Neftochim Bourgas AD) and Romania (Petrotel-LUKOIL).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.