- Alexey Kirichok
- Alisa Zakirova
- Andrew Keeley
- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Irina Lapshina
- Kirill Rogachev
- Nikolay Minko
- Research Team
- Rodion Lomivorotov
- Vladimir Lezhnev
Debt Markets Today - October 7, 2020
CIS EUROBOND MARKETRising US Treasury yields put pressure for most of the day on long-dated Russian sovereign Eurobond quotes, which ended 0.5 pp lower.GOVERNMENT DEBTA positive external background and a strengthening ruble contributed to a drop in OFZ yields yesterday. The prevailing price levels were more attractive after the recent declines, enticing both locals and nonresidents to buy, particularly in the belly of the curve. Yields dropped 5-8 bps in issues 7y and longer. Trading volumes totaled R57 bln, the highest in months, with the 13y OFZ 26221 (March 2033) accounting for nearly half of that.STORIES> Inflation in Russia accelerates to 3.7% y-o-y in September> We see around R180 bln of OFZs being placed today> Oil and gas: Tax overhaul spells higher risks> Polymetal announces FID on Kutyn project> NC KMG places $750 mln in Eurobonds due in 2033 at 3.5%> Halyk Bank hosts capital markets day> Fitch downgrades Armenia's credit rating from BB to B+
Polymetal International is the ultimate parent entity of Polymetal Group, a precious metals mining group operating in Russia, Kazakhstan and Armenia. Co. has five reportable segments: Magadan; Ural; Khabarovsk; Kazakhstan; and Armenia. Each segment is engaged in gold, silver or copper mining and related activities, including exploration, extraction, processing and reclamation.
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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