- Alexey Kirichok
- Alisa Zakirova
- Andrew Keeley
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Irina Lapshina
- Nikolay Minko
- Olga Sterina
- Research Team
- Rodion Lomivorotov
- Vladimir Lezhnev
Debt Markets Today - February 24, 2021
CIS EUROBOND MARKETOver the first two days of this week, despite the absence of local investors Russian Eurobond quotes moved lower on the back of rising US Treasury yields. The largest moves came at the long end of the curve, where the Russia 43 and 47 both lost 1.6 pp. GOVERNMENT DEBTThe OFZ market was quiet on Monday and Tuesday with Russian investors away for a national holiday. Despite the sharp rise in real US Treasury yields and negative external backdrop, a stronger ruble thanks to FX selling by Russian exporters ahead of tax payments and the absence of OFZ auctions this week may keep OFZ yields from rising sharply.STORIES> Nonresident share in sovereign Eurobonds down to 55% in 4Q20> OFZ Weekly Flows: Foreign inflow resumes> PhosAgro 4Q20 IFRS results in line, stronger quarters ahead> Nornickel: Accident at Norilsk concentrator> Kazakh GDP down 2.6% in 2020, but dynamics better in 4Q20> TBC Bank 4Q20 IFRS: Profits dampened by provisions
MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).
PhosAgro is a producer of phosphate-based fertilizers. As of Dec 31 2014, Co. had two segments: Phosphate-based products, which includes mainly production and distribution of ammophos, diammoniumphosphate, sodium tripoly phosphate and other phosphate based and complex (NPK) fertilisers on the factories located in Cherepovets, Balakovo and Volkhov, and production and distribution of apatite concentrate extracted from the apatite-nepheline ore, which is mined and processed in Kirovsk; and Nitrogen-based products,which includes mainly production and distribution of ammonia, ammonium nitrate and urea on the factory located in Cherepovets.
TBC Bank Group is a holding company. Through JSC TBC Bank and its subsidiaries, Co. is engaged in universal banking operations that include corporate, small and medium enterprises, retail and micro operations within Georgia.
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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