Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - June 15, 2018

CIS EUROBOND MARKETYesterday, Russian sovereign Eurobonds made gains, with the long end of the curve outperforming. On the day, the Russia 47 added 1.3 pp to 94.1% (YTM 5.7%, Z-spread 264 bps). Meanwhile, the Russia 27 gained 0.2 pp to 95.9% (YTM 4.8%, Z-spread 181 bps). GOVERNMENT DEBTTrading in the OFZ market was again light yesterday, with lower than average volumes. On the day, yields declined only slightly, the exception being issues maturing in less than three years, whose yields rose as much as 6 bps. The floating-rate OFZ 24019 and OFZ 29011 lost 12.5 bps and 7 bps in price.
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

Anton Stroutchenevski

Artem Vinogradov

Rodion Lomivorotov

Sergei Konygin

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