Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Nikolay Minko
  • Rodion Lomivorotov
  • Svetlana Sukhanova

Debt Markets Today - March 13, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds were selling off yesterday amid the panic in global markets. Long-dated issues lost more than 10 pp and intermediate issues 3-4 pp. The Russia 43 notched the biggest loss, sinking 10.6 pp to 124.65% (YTM 4.21%, Z-spread 344 bps).GOVERNMENT DEBTYesterday, OFZs continued to sell off, with locals again absorbing the selling. Yields soared 80-90 bps on the day. On the day, yields soared 80-90 bps. Volumes were R60 bln, which were generally spread evenly across the curve.STORIES> Latest weekly inflation print shows no reaction to ruble depreciation yet> MTS reports 4Q19 IFRS results> NBU cuts key policy rate 100 bps to 10% amid low inflation> Halyk 4Q19 IFRS results: Great year, less certain outlooks
Underlyings
Halyk Savings Bank of Kazakhstan GDR

Halyk Savings Bank of Kazakhstan JSC

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

Alexander Sychev

Alexey Bulgakov

Alisa Zakirova

Anastasia Khakhaeva

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Rodion Lomivorotov

Svetlana Sukhanova

Other Reports on these Companies
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Alisa Zakirova ... (+8)
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov

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