Report
Alexander Golinsky ...
  • Alexey Bulgakov
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Nikolay Minko
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - December 10, 2019

CIS EUROBOND MARKETRussian sovereign Eurobond quotes advanced again yesterday, though volumes remained thin due to a dearth of sellers. The Russia 47 (+0.9 pp) led the way followed by the Russia 29 (+0.3 pp).GOVERNMENT DEBTTrading was yesterday focused on the OFZ 26210, which is scheduled for redemption tomorrow (with R150 bln remaining in circulation), as local accounts likely decided to front-run the redemption by raising positions in longer tenors: the next issue along the curve, the OFZ 26214 (May 2020), saw the highest demand, while trading along the rest of the curve was sporadic. Yields were little changed by the close. Volumes came in at R16 bln.STORIES> CBR preview: "Hawkish" 50 bp cut likely> Fed preview: Having done the job, Fed set for long pause> Nornickel considers placing green Eurobonds> Normandy format leaders meet in Paris to talk Ukraine conflict> National Bank of Kazakhstan keeps key policy rate at 9.25%
Underlyings
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 Bulgakov

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Nikolay Minko

Rodion Lomivorotov

Yuri Popov

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch