Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Rodion Lomivorotov

Debt Markets Today - September 11, 2019

CIS EUROBOND MARKETYesterday, Russian sovereign Eurobonds continued to retreat amid the ongoing rise in US Treasury yields. Most of the offers were at the long end of the curve, while local investors were selling short-dated issues. The Russia 35 posted the biggest loss for the day (-1.0 pp), followed by the Russia 42 and 43 (-0.8 pp for both).GOVERNMENT DEBTThe OFZ market was fairly quiet early on yesterday, while later on in the day selling predominated, a trend observed across other EM local debt markets. Yields ended up moving 2-3 bps higher across the curve. Volumes totaled R25 bln. STORIES> Russian private sector registers capital inflow in August> US national security advisor departs> Petropavlovsk publishes 1H19 IFRS results> Fitch upgrades VEON's rating to investment-grade> MHP returns to the market with a new Eurobond issue> Armenia refinancing short-dated bond with longer paper
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.

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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
Alexander Golinsky

Alexander Sychev

Alexey Bulgakov

Alisa Zakirova

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Rodion Lomivorotov

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