Report
Alexander Sychev ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Nikolay Minko
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - October 31, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds advanced amid a decline in US Treasury yields. Demand was focused on the belly and dominated by locals. The Russia 35 (+0.2 pp) fared the best.GOVERNMENT DEBTTrading was not particularly active in the OFZ market yesterday morning, though yields eased 1-2 bps amid a firming ruble. However, a decline in global risk appetite caused the market to perform a U-turn, and yields closed up 3-4 bps on the day. Selling was dominated by nonresidents. Volumes came in at R31 bln.STORIES> Growth in 3Q19 driven by agriculture, wholesale trade> Weekly inflation slows to zero; y-o-y inflation set to ease to 3.7-3.8%> Fed cuts by 25 bps and signals a pause, but market unconvinced> CBR updates monetary policy guidelines> Novatek reports 3Q19 IFRS results> Nord Stream-2 obtains construction permit from Denmark> DTEK Renewables markets green bond
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.

NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

NOVATEK JSC Sponsored GDR RegS

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

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Nikolay Minko

Rodion Lomivorotov

Yuri Popov

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