Sberbank - Lukoil (LKOD) ... Debt Markets Today - November 27, 2019

Report

Sberbank

Alexey Bulgakov ...

Alisa Zakirova
Andrey Gromadin
Anna Kotelnikova
Ekaterina Sidorova

Debt Markets Today - November 27, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds advanced again yesterday on meager volumes. The Russia 28 (+0.5 pp) led the way.GOVERNMENT DEBTOFZ yields continued to climb yesterday morning as the ruble weakened, rising 2-3 bps. However, they pulled back in the evening after the Finance Ministry said it will offer only the remaining available volume (R23 bln) in the 4y OFZ 26223 (February 2024) at today's auction - many investors had expected it to place the 10y OFZ 26228 (April 2030) as well. Turnover remained low at R15 bln.STORIES> Lukoil posts superb 3Q19 results> Vostochny Bank might skip next coupon on perp Eurobonds

27/11/2019 40 EN

Underlyings

Lukoil

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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).

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RU0009024277 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

Alexey Bulgakov

Alisa Zakirova

Andrey Gromadin

Anna Kotelnikova

Ekaterina Sidorova

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Debt Markets Today - November 27, 2019

Raiffeisen Research Institutional Equity Daily 17.05.2022

Raiffeisen Research Institutional Equity Daily 29.04.2022

An unfavourable environment weighs on PJSC LUKOIL 144A ADR, which sees a downgrade to Slightly Negative

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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