Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova

Debt Markets Today - June 10, 2019

CIS EUROBOND MARKETOn Friday, Russian sovereign Eurobonds again moved higher due to lower declining benchmark yields. However, upward momentum remained extremely weak. The Russia 43 led the way (+0.4 pp), followed by the Russia 35 and 42 (+0.3 pp each).GOVERNMENT DEBTOFZ yields continued to decline on Friday due to market expectations of a CBR rate cut this Friday having increased earlier in the week, and also due to the latest inflation data, which indicated a slowdown in May to 5.1%. Rising global risk appetite also contributed. Yields closed 3-4 bps lower along the curve. Nonresidents were predominantly selling in the middle of the curve, while locals were selling at the long end. Turnover totaled R45 bln.STORIES> Gazprom: No MET surcharge in 2019 following improved dividend> STLC intends to buy Brunswick Rail> NC KMG reports 1Q19 IFRS results
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
Alexey Bulgakov

Alisa Zakirova

Andrey Kuznetsov

Andrey Gromadin

Anna Kotelnikova

Ekaterina Sidorova

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch