Report
Alexander Kudrin ...
  • Alexander Golinsky
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Julia Gordeyeva
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - April 13, 2018

CIS EUROBOND MARKETA lull in the recent geopolitical tension helped Russian sovereign Eurobond quotes higher on high volumes yesterday. The Russia 43 led the way, advancing 1.4 pp to 109.1% (YTM 5.2%, Z-spread 232 bps), while the Russia 27 rose 1.0 p to 97.3% (YTM 4.6%, Z-spread 177 bps).GOVERNMENT DEBTA lack of negative news helped OFZ quotes to move higher yesterday. Yields closed around 20 bps lower at the short end and 15 bps lower at the long end. Volumes remained high.STORIES> Chief Economist's View: Balance of payments to change significantly> Russian budget surplus expands further> IMH reports 2017 IFRS results> Delo Group completes acquisition of 30.75% stake in Global Ports> RUSAL: Suspending coverage> National Bank of Ukraine keeps key policy rate unchanged> Azeri President Aliyev seals re-election, as expected> Azeri Finance Ministry publishes 1Q18 budget statistics
Underlyings
Global Ports Investments (GDR)

United Company RUSAL international PJSC

United Company Rusal is a producer of aluminium and alloys. Co.'s production chain include bauxite and nepheline ore mines, alumina refineries, aluminium smelters and casting houses, foil mills and packaging production centres. Co. operates in four reportable segments: Aluminium, which is involved in the production and sale of primary aluminium; Alumina, which involved in the mining and refining of bauxite into alumina and the sale of alumina; Energy, which include the mining and sale of coal and the generation and transmission of electricity; Mining and Metals, which includes the equity investment in Co.'s joint venture, PJSC MMC Norilsk Nickel.

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 Kudrin

Alexander Golinsky

Alexander Sychev

Alexey Bulgakov

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Julia Gordeyeva

Rodion Lomivorotov

Sergei Konygin

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