Report
Alexander Sychev ...
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Kirill Rogachev
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - October 8, 2018

CIS EUROBOND MARKETUS investors were inactive and trading activity was extremely low on Friday ahead of a long weekend in the US. Despite a further rise in US Treasury yields, Russian sovereign quotes closed largely unchanged.GOVERNMENT DEBTAt Friday's opening, OFZ quotes attempted to recover the previous day's losses, and yields dropped 1-2 bps at the long end. However, the selloff resumed later, and yields closed 3-5 bps higher in issues maturing in 3y or more. Activity fell away in the afternoon ahead of the long weekend in the US. Volumes came in at just R10 bln.STORIES> Prices in Russia rise 0.2% m-o-m in September> VTB: Better, but still not enough> MHP extends consent solicitation deadline for MHP 20
Underlyings
MHP SE Sponsored GDR RegS

MHP 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.

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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 Sychev

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Kirill Rogachev

Rodion Lomivorotov

Sergei Konygin

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