Report
Alexander Sychev ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Nikolay Minko
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - May 31, 2019

CIS EUROBOND MARKETLocal accounts were picking up Russian sovereign Eurobonds yesterday. The Russia 47 (+0.4 pp) advanced the most, followed by the Russia 35 (+0.2 pp). Volumes were not very high.GOVERNMENT DEBTOFZ quotes staged a recovery yesterday following losses on Wednesday. Yields eased 7-10 bps along the curve. Turnover amounted to R38 bln, with the 5y OFZ 26227 again attracting the most attention (R7 bln).STORIES> REM: Seeing lower inflation in 2019, higher GDP growth in 2020> Record dividends set to strengthen ruble's resilience> Nonresident share of OFZ holdings rises 1.1 pp to 27.8% in April> Gazprom reports 1Q19 IFRS results> VTB 1Q19 IFRS: Low cost of risk, but weak core banking items> Credit Bank of Moscow posts weak 1Q19 IFRS results> Credit Bank of Moscow shows higher COR in 1Q19
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.

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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 Sychev

Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Rodion Lomivorotov

Yuri Popov

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