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

Debt Markets Today - June 10, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds were in a holding pattern yesterday ahead of today's Fed decision and the possible announcement of measures to contain long-term Treasury yields. Only the Russia 26 (+0.3 pp) and Russia 47 ( 0.2 pp) registered a change in price.GOVERNMENT DEBTThe OFZ market selloff by nonresidents continued yesterday morning, but it eased later and yields returned to the previous closing levels. The Finance Ministry announced which issues it will offer at today's auctions, which sparked a rally, with both locals and nonresidents on the bid. Yields ended 10-15 bps lower. Turnover reached R34 bln.STORIES> SberIndex indicates improvement in consumption in first week of June> Federal Reserve Preview: Fed mulling yield curve control> Nornickel call on diesel spill in Krasnoyarsk Region: Key takeaways> We close our recommendation to buy the Ukraine 32 as IMF deal sealed> Change to our OFZ recommendations> Lower fuel prices pull Ukrainian inflation down to 1.7% y-o-y in May> Kazakhstan preparing for bond placement in Russian market
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 Bulgakov

Alexey Kirichok

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

Research Team

Rodion Lomivorotov

Vladimir Lezhnev

Yuri Popov

Other Reports on these Companies
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