Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team

Debt Markets Today - April 29, 2020

CIS EUROBOND MARKETIn the Russian sovereign Eurobond market yesterday, long-dated issues shed 0.4-0.9 pp. The Russia 20, which is primarily held by locals, served as somewhat of an anchor for the short end. The main volumes went through in the Russia 26, 27 and 29. GOVERNMENT DEBTYesterday, OFZ yields climbed 2-3 bps at the opening amid a weakening ruble, but trading was extremely thin. Following more dovish comments from CBR Governor Elvira Nabiullina, yields slipped 2-3 bps below Monday's closing levels. Flows were mixed, and volumes totaled R21 bln.STORIES> Borets International sees negative rating actions> Lukoil places $1.5 bln 10y Eurobond> New Armenian budget bill shows deficit doubling to 5% of GDP
Underlyings
Oil company LUKOIL PJSC

PJSC Lukoil is a vertically-integrated oil company engaged in the exploration and production of crude oil and natural gas. Co. is engaged in all main sectors of the modern oil business including supplies, refining, marketing, transportation, petrochemicals and oil-related activities. Co.'s operations are divided into five business segments: Exploration and Production; Refining, Marketing and Distribution; Chemicals; Power Generation and Other Business Segments. Co. owns and operates refineries in Bulgaria (LUKOIL Neftochim Bourgas AD) and Romania (Petrotel-LUKOIL).

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

Ekaterina Sidorova

Nikolay Minko

Research Team

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