- Alexey Bulgakov
- Alisa Zakirova
- Andrey Kuznetsov
- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Rodion Lomivorotov
Debt Markets Today - May 23, 2019
CIS EUROBOND MARKETThe Russian sovereign Eurobond market had a mixed session yesterday. The Russia 42 fared the best, rising 0.2 pp, while the Russia 47 lost 0.3 pp.GOVERNMENT DEBTOFZs continued to rally following the previous day's statement from Konstantin Vyshkovsky, the head of the Finance Ministry's government debt department, who said that the ministry could revert to volume limits in light of being ahead of schedule in its borrowing plan for this year. Yields slid 8-10 bps. Volumes came in at R41 bln, with about R12 bln going through in the 5y OFZ 26227, which was auctioned yesterday. STORIES> Russian weekly inflation remains at 0.1%> Russian industrial output growth climbs to 4.9% y-o-y in April> Groningen earthquake may provide limited upside to Gazprom exports> NLMK places 7y dollar Eurobond> Renaissance Credit Bank plans subordinated Eurobond issue in euros> Renaissance Credit Bank: Credit comment> We close our recommendation to buy the Russia 35> IMF launches new program in Armenia
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.
Novolipetsk Steel is a vertically integrated steel manufacturing and production group based in Russia. Co. specializes in the manufacturing of high-quality hot and cold rolled steel in a variety of grades and sizes. Co. is also engaged in production and sales of flat steel products including slabs, hot rolled and cold rolled sheet, electrical steel, galvanized steel, cold rolled sheet with polymeric coatings. In addition, Co.'s areas of manufacturing include sintering, coke production, blast furnace production, steel-making, hot and cold-rolled flat steel production, galvanized and prepainted steel production. Co. exports its products to 70 countries around the world.
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.
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