- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Igor Rapokhin
- Lyudmila Melnikova
- Mikhail Krasnoperov
- Mikhail Sheybe
- Olga Sterina
- Research Team
- Rodion Lomivorotov
- Sergey Kolesnikov, FRM
- Yuri Popov
Debt Markets Today - October 21, 2021. Russian Weekly Inflation, STLC Eurobond Placement, Samruk-Kazyna Deal Pricing, MHP Trading Update
CIS EUROBOND MARKETThe Russian sovereign Eurobond market closed without significant movements in quotes yesterday, with the focus remaining on the Russian corporate segment. Lukoil and Gazprom issues led the losses, sagging 0.2-0.6 pp (the Lukoil 30 with the biggest loss), while the Sovcombank 25 outperformed the market with a 0.2 pp gain.GOVERNMENT DEBTOFZs opened with yields 4-7 bps higher yesterday as the market priced in the sharp rise in UST yields the day before. However, following the weekly auction, OFZs managed to claw back a portion of the losses. Yields finished the day 2-5 bps higher. Trading volumes on the Moscow Exchange totaled R46 bln, which is well above the average daily figure over the last month. Of that figure, R30 bln came in fixed-coupon issues in the 5-10y segment.STORIES> Russia Economic Monthly: Global inflationary forces still the main risk> Weekly inflation accelerates to 0.26% in week ending October 18> Bi-Weekly FICC Strategy: Russia's key rate set to exceed 7%> STLC places $600 mln in 7y Eurobonds> Samruk-Kazyna reportedly to price Eurobond deal today> MHP 3Q21 trading update: High poultry prices boost revenue growth> Kazakh economy improves in SeptemberMHP is a holding company. Through its subsidiaries, Co. is engaged in poultry and related operations, grain growing, as well as other agricultural operations. Co.'s poultry and related operations integrate all functions related to the production of chicken, including hatching, fodder manufacturing, raising chickens to marketable age, processing and marketing of branded chilled products and include the production and sale of chicken products, sunflower oil, mixed fodder and convenience food products. Grain growing produces and sells grains. Other agricultural operations comprise the production and sale of cooked meat, sausages, beef, milk, goose meat, foie gras, fruit and feed grains.
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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