Sberbank - Federal Hydro-Generating Company - RusHydro PJSC (HYDR) Debt Markets Today - June 17, 2020

Report

Sberbank

Alexander Golinsky ...

Alexey Bulgakov
Alisa Zakirova
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Nikolay Minko
Research Team
Rodion Lomivorotov

Debt Markets Today - June 17, 2020

CIS EUROBOND MARKETAgainst a supportive backdrop, Russian sovereign Eurobonds advanced yesterday, the long issues outperforming with gains of 2.3-2.5 pp. The middle of the curve saw prices tick up 0.7-0.9 pp.GOVERNMENT DEBTGlobal risk appetite recovered yesterday, pushing OFZ yields 5-8 bps lower. After a fairly prolonged period during which trading activity was concentrated in the belly of the curve, investors turned their attention to long-dated issues yesterday, particularly the 10y OFZ 26228 (April 2030) and 19y OFZ 26230 (March 2039). Volumes totaled R34 bln.STORIES> Oil cut deepens y-o-y decline in Russian industrial production in May> CBR preview: Cautious 50 bp cut on Friday> Belarus returning to primary Eurobond market> Fitch downgrades DTEK Renewables, leaves on review for downgrade

17/06/2020 40 EN

Underlying

Federal Hydro-Generating Company - RusHydro PJSC

PJSC RusHydro is a hydro-generating company based in Russia. Co. is engaged in the generation and sale of electricity and capacity on the Russian wholesale and retail markets, as well as generation and sale of heat energy. The main activity of Co. is production of power from renewable energy sources, developing power generation using water flows, tidal, wind and geothermal energy. It has an installed electricity generation capacity of 38.5 GW; and heat capacity of 16.2 GCal/h.

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RU000A0JPKH7 Moscow Exchange MICEX-RTS Russia

Provider

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.

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Analysts

Alexander Golinsky

Alexey Bulgakov

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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Debt Markets Today - June 17, 2020

Raiffeisen Research Institutional Equity Daily 14.06.2022

Raiffeisen Research Institutional Equity Daily 31.05.2022

Raiffeisen Research Institutional Equity Daily 30.03.2022

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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