Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Vladimir Lezhnev

Debt Markets Today - February 3, 2021

CIS EUROBOND MARKETRussian sovereign Eurobond prices remained practically unchanged yesterday, with buying predominating in the middle of the curve but selling at the long end. For the day, only the Russia 42 and the Russia 47 lost ground, giving up 0.3 pp each.GOVERNMENT DEBTThe OFZ market continued in its nascent recovery in the first half of yesterday's trading, with yields dropping 1-2 bps on select issues near the middle of the curve. However, in the afternoon, after the Finance Ministry unexpectedly announced that it would auction off three issues today, the long end of the curve was sold off, with yields on papers 7y and longer jumping 1-3 bps. Trading volumes remained rather weak at R13 bln.STORIES> Weekly OFZ and ruble swaps outlook> Foreign OFZ holding share drops 0.4 pp in December to 23.3%> MMK posts strong 4Q20 financial results
Underlyings
Magnitogorsk Iron & Steel Works (GDR)

Magnitogorsk Iron & Steel Works PJSC

Magnitogorskiy Metallurgicheskiy Kombinat PAO, formerly Magnitogorskiy metallurgicheskiy kombinat OAO, is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. The Company offers a wide range of products such as wire rod, rebars, square bars, strips, round bars, among others. It is also involved in the coal ore mining, processing of ore materials, sale of ferrous metal products and others. Magnitogorskiy metallurgicheskiy kombinat OAO operates as a supplier for such industries as: pipelines, vehicles, railway, construction and shipbuilding, among others. Its subsidiaries include Lys'venskaya Metallurgicheskaya Kompaniya OOO, among others. The Company operates domestically, as well as exports its products to the Commonwealth of Independent States (CIS) countries, Asia, the Middle East and Europe.

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

Alexey Kirichok

Alisa Zakirova

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

Olga Sterina

Research Team

Vladimir Lezhnev

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