Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Rodion Lomivorotov

Debt Markets Today - November 29, 2018

CIS EUROBOND MARKETYesterday's session was fairly restrained. Investors appeared unwilling to make any decisive moves ahead of a speech by Fed Chairman Powell, which began at 20:00 Moscow time. As a result, quotes were generally little moved.GOVERNMENT DEBTOFZ yields opened 1-2 bps lower, but the ruble's decline forced them back to the previous closing levels. The Finance Ministry placed in full R5 bln in the 5y OFZ 26223 (February 2024, 6.50%) and R5 bln in the 2y OFZ 26214 (May 2020, 6.40%) without premiums to the secondary market. Some investors appeared to be closing short positions in the evening, and yields on 3-4y paper ended the day 5 bps lower, while yields further along the curve ended 2-4 bps lower.STORIES> Monthly inflation in November is heading for 0.6%> Nonresident OFZ holdings continue to shrink in October> Lukoil continues to mint strong FCF in 3Q18> VEON extends early tender deadline for Eurobond buyback offer> Gazprombank calls $750 mln T2 subordinated Eurobond
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).

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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

Andrey Kuznetsov

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Rodion Lomivorotov

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