Report
Alexey Bulgakov ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Irina Lapshina
  • Rodion Lomivorotov
  • Svetlana Sukhanova

Debt Markets Today - August 2, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds opened as much as 0.75 pp lower amid rising US Treasury yields. However, US Treasuries made a U-turn later, pushing Russian quotes higher. The Russia 47 fared the best (+0.3 pp) while the Russia 43 fared the worst (-0.4 pp). Volumes were below average.GOVERNMENT DEBTSliding global risk appetite in the wake of the FOMC meeting ensured that OFZ yields gapped 3-4 bps higher at the opening, and they closed at these levels. Volumes were not that high at R15 bln, with activity predominantly in the belly. Nonresidents were selling throughout the day while local accounts were buying.STORIES> Trump signs executive order in place of Skripal sanctions> MMK publishes 2Q19 IFRS results> VEON: 2Q19 results a mixed bag> KazTransGas 27 holders consent to disposal of gas distribution business> Kazakh inflation stays at 5.4% y-o-y in July
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.

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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
Alexey Bulgakov

Alexey Kirichok

Alisa Zakirova

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Irina Lapshina

Rodion Lomivorotov

Svetlana Sukhanova

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