Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - March 19, 2020

CIS EUROBOND MARKETA further drop in oil prices and a risk-off mood in global markets yesterday created a sense of panic in the Russian sovereign Eurobond market and caused quotes to plunge again. The losses at the long end ranged from 13-16 pp, while medium-dated issues shed 4-7 pp. GOVERNMENT DEBTOFZ yields surged another 35-45 bps along the curve yesterday as oil prices tumbled again and the ruble ceded more ground. Turnover was up at R62 bln. The largest volume (R15 bln) went through in the 20y OFZ 26230, while R10 bln went through in the 7y OFZ 26226. The National Settlement Depository reported that the nonresident share of the OFZ market slipped by 1.45 pp to 32.3% in the week to March 17, with outflows reaching R130 bln.STORIES> CBR, Finance Ministry measures to help ruble stabilize if oil stops falling> Prices up by 0.1% over the previous week, but further acceleration likely> Lukoil: Key highlights from meeting with CEO> Credit Bank of Moscow 2019 IFRS results> Petropavlovsk announces conditional deal to dispose of its IRC stake> Economic dynamics in Belarus improve in 2m20 but remain sluggish
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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Rodion Lomivorotov

Yuri Popov

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