Report
Alisa Zakirova ...
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Research Team
  • Rodion Lomivorotov
  • Sergey Kolesnikov, FRM

Debt Markets Today - September 10, 2021. Credit Bank of Moscow Plans Eurobond Placement, MHP Results, Russia and Belarus Agree Integration Roadmaps

CIS EUROBOND MARKETUS Treasury yields were in decline for most of yesterday's trading session, allowing the long end of the Russian sovereign curve to post moderate gains - the Russia 43 and Russia 47 added 0.4 pp apiece. Following the ECB meeting, investors' focus turned to the euro-denominated issues, which closed 0.2 pp higher. GOVERNMENT DEBTAhead of today's CBR meeting, trading activity in OFZs fell sharply yesterday, with turnover coming in at just R9 bln, which is only about a quarter of the normal level in recent weeks. Quotes closed the day essentially unchanged.STORIES> Russia's current account surplus grows to $18 bln in August, driven by one-off factors> MHP posts strong 2Q21 results> Credit Bank of Moscow plans 5y dollar Eurobond placement> Russia and Belarus finally agree on integration maps
Underlying
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.

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
Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Research Team

Rodion Lomivorotov

Sergey Kolesnikov, FRM

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