Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Ilyas Yerzhanov
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Svetlana Sukhanova

Debt Markets Today - August 20, 2020

CIS EUROBOND MARKETThe correlation between Russian sovereign Eurobonds and US Treasury yields has been even stronger than usual recently, and yesterday was no exception, with a rise in UST yields in the evening sparking a slight drop in long-dated Russian sovereign quotes (the Russia 43 eased 0.3 pp and the Russia 47 declined 0.2 pp).GOVERNMENT DEBTOFZ yields continued to recover yesterday after Monday's surge of around 20 bps amid worries about the Belarus situation. The Finance Ministry also canceled yesterday's auctions, supporting the market. On the day yesterday, yields fell 6-9 bps in the middle of the curve and 4-5 bps among long issues. Volumes, however, remained low at just R12 bln.STORIES> Russian consumer prices flat last week> Global Ports releases 1H20 IFRS numbers> MTS 2Q20 results beat consensus; guidance reiterated> EU leaders formulate position on situation in Belarus
Underlyings
Global Ports Investments (GDR)

Mobile TeleSystems PJSC

Mobile Telesystems is a provider of mobile cellular communications services in the Russian Federation, Ukraine, Uzbekistan and Turkmenistan to consumers and corporate customers, employing technology based primarily on Global System for Mobile Communications (GSM). Co. had a mobile subscriber base of around 102.5 million (77.3 million in Russia, 20.4 million in Ukraine, 2.1 million in Turkmenistan, 1.6 million in Uzbekistan and 1.1 million in Armenia). In addition to standard voice services, Co. provides improved services, including voice mail, short message service, general packet radio service, and various SMS- and GPRS-based information and entertainment services.

Mobile TeleSystems PJSC Sponsored ADR

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 Golinsky

Alisa Zakirova

Anastasia Khakhaeva

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Fedor Kornachev

Ilyas Yerzhanov

Nikolay Minko

Research Team

Rodion Lomivorotov

Svetlana Sukhanova

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