Sberbank - Oil company LUKOIL PJSC (LKOH) ... Debt Markets Today - July 5, 2021. Russian 1Q21 GDP Breakdown, Lukoil Reportedly to Sell West Qurna-2, Kazakh June Inflation

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Sberbank

Alisa Zakirova ...

Andrey Gromadin
Anna Kotelnikova
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Igor Rapokhin
Olga Sterina
Research Team
Rodion Lomivorotov

Debt Markets Today - July 5, 2021. Russian 1Q21 GDP Breakdown, Lukoil Reportedly to Sell West Qurna-2, Kazakh June Inflation

CIS EUROBOND MARKETThe CIS Eurobond market was quiet on Friday in the lead-up to the big US jobs report, and because of the shortened session in the US heading into the holiday weekend. The price changes were limited to just 0.15 pp.GOVERNMENT DEBTThe OFZ curve continued to flatten on Friday. Short dated issues climbed 3-5 bps in yield, while the long end was little changed. Trading volumes came in at R21 bln, close to the average over the last month. Around R15 bln of this was in medium-dated, fixed coupon issues. Meanwhile, the US Treasury curve came down 2-3 bps thanks to Friday's mixed jobs report.STORIES> GDP breakdown shows economy supported by investment in 1Q21> Lukoil reportedly planning to sell West Qurna-2> Inflation in Kazakhstan accelerates to 7.9% y-o-y in June

05/07/2021 43 EN

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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RU0009024277 Moscow Exchange MICEX-RTS Russia

Oil company LUKOIL PJSC Sponsored ADR

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US69343P1057 Mexican Stock Exchange 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

Alisa Zakirova

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Olga Sterina

Research Team

Rodion Lomivorotov

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Debt Markets Today - July 5, 2021. Russian 1Q21 GDP Breakdown, Lukoil Reportedly to Sell West Qurna-2, Kazakh June Inflation

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