Sberbank - Lukoil (LKOD) ... Debt Markets Today - October 17, 2019

Report

Sberbank

Alexey Bulgakov ...

Alisa Zakirova
Anton Stroutchenevski
Artem Vinogradov
Rodion Lomivorotov

Debt Markets Today - October 17, 2019

CIS EUROBOND MARKETThe Russian sovereign Eurobond market remained fairly inactive yesterday, and quotes moved little on the day with the exception of intermediate issues, which added 0.2 pp.GOVERNMENT DEBTTrading on the OFZ market was not particularly active yesterday, and local investors were again selling, mainly at the long end. Yields closed 1-2 bps higher. Volumes came in at R21 bln. STORIES> Russian industrial output growth up to 3% y-o-y in September> Russian weekly inflation stays at zero> Lukoil announces changes to dividend policy> Gazprombank faces another call option on its $1 bln perps

17/10/2019 42 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

Anton Stroutchenevski

Artem Vinogradov

Rodion Lomivorotov

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Debt Markets Today - October 17, 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

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Russian Banks - What We Know at This Stage

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