- Andrey Gromadin
- Anna Kotelnikova
- Ekaterina Sidorova
- Igor Rapokhin
- Olga Sterina
- Research Team
Debt Markets Today - May 28, 2021. Polyus 1Q21 Results Show Lowest Leverage Since 2015 at 0.5
CIS EUROBOND MARKETThe Russian sovereign Eurobond market consolidated yesterday, with only minimal price changes.GOVERNMENT DEBTYesterday, First Deputy CBR Governor Ksenia Yudaeva stated that inflation expectations remained elevated. Against this backdrop and in light of the higher weekly inflation print, OFZ yields moved 5-8 bps higher at the short end and 1-4 bps higher in the belly yesterday. However, issues maturing in longer than 10y closed the day flat, a fact that we think is likely attributable to demand for long-dated paper remaining in place following Wednesday's auctions. Trading volumes on the Moscow Exchange totaled R28 bln yesterday, which is more than one and a half times the average daily volume over the past month.STORIES> Polyus 1Q21 results: Leverage hits lowest level since 2015 at 0.5> Lukoil 1Q21 conference call highlights> City of Moscow places debut local green bondPJSC 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).
PJSC Polyus is an open joint stock company based in Russia. Co. is engaged in operations as a gold production company. Co.'s major assets are: in Krasnoyarsk region, Olympiada deposit as well as Blagodantoe, Titimukhta, Tyrada, Olenii, Razdolinskaya, Zyryanovskaya and Panimba fields; in Irkutsk region, Zapadnoe, Verninskoe, Pervenets, and Chertovo Koryto and Mukodek goldfields as well as some 94 placer deposits; in Magadan region, Natalka deposit and smaller Degdekan and Vostochnoye fields; in the Republic of Sakha (Yakutia), Kuranakh ore body and Kyutchus field as well as 50% interest in the giant Nezhdaninskoye field; and in Amur region, Bamskoe gold field.CJSC Deloitte & Touche CIS
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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