Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Vladimir Lezhnev

Debt Markets Today - August 12, 2020

CIS EUROBOND MARKETRising US Treasury yields put pressure on Russian sovereign Eurobond quotes yesterday. The Russia 26 underperformed with a loss of 0.6 pp, followed by the Russia 47, down 0.4 pp. GOVERNMENT DEBTThe OFZ market was extremely quiet again yesterday, with just R9 bln traded, mainly in the OFZ 24021 floater and medium-dated issues. Yields in the middle and at the long end of the curve came down 1-2 bps.STORIES> Current account surplus expands to $24.6 bln in 7m20> Russian GDP down 8.5% y-o-y in 2Q20> Chelyabinsk Pipe publishes 1H20 IFRS results> Nornickel publishes 1H20 IFRS results> Developments in 2020 mean new equilibrium for economy, bonds
Underlyings
Mining and Metallurgical Company NORILSK NICKEL (GDR)

MMC Norilsk Nickel PJSC

MMC Norilsk Nickel PJSC is a global producer of nickel, palladium, platinum and copper. Co. also produces by-products, such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. Co. is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Co.'s production facilities are located in five countries: Russia, Australia, Botswana, Finland, and South Africa. Co.'s production units are integrated and include: the Polar Division (the Taimyr Peninsula); and the Kola Mining and Metallurgical Company (Kola MMC or the Kola Peninsula).

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

Alexey Kirichok

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

Research Team

Rodion Lomivorotov

Vladimir Lezhnev

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