- Alexander Sychev
- Alexey Bulgakov
- Alisa Zakirova
- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Nikolay Minko
- Rodion Lomivorotov
Debt Markets Today - February 20, 2020
CIS EUROBOND MARKETThe Russian sovereign Eurobond market was not particularly active yesterday, and quotes were largely unmoved (with the exception of the Russia 43, which added 0.3 pp), as investors were mainly focused on the new Gazprom 30 (see yesterday's Debt Markets Today).GOVERNMENT DEBTOFZ yields continued to ease yesterday amid improving global risk appetite. They were also buoyed by the positive results from yesterday's auctions. Yields closed 3-6 bps lower along the curve, with foreigners actively picking up paper. Volumes this week are down slightly from last week's fairly high levels (about R40 bln a day) - yesterday, turnover amounted to R30 bln.STORIES> Prices flat over the week ending February 17> Spending up only slightly in new 2020 budget; budget rule left in place> Rosneft reports in-line 4Q19 results> Novatek reports strong 4Q19 results> S&P downgrades O1 Properties to CCC-> Halyk Bank launches consent solicitation for outstanding Eurobonds> Belarusian GDP shrinks 1.9% y-o-y in January
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).
OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.
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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