Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Mikhail Sheybe
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Vladimir Lezhnev
  • Yaroslav Lissovolik
  • Yuri Popov

Debt Markets Today - October 2, 2020

CIS EUROBOND MARKETBuoyed by demand from locals, Russian sovereign Eurobonds continued to rebound yesterday from the big losses sustained last week and early this week. Quotes at the long end of the curve added 1.0-1.2 pp, while intermediate paper rose by a more modest 0.4-0.6 pp.GOVERNMENT DEBTThe strengthening ruble in the morning and the relatively stable geopolitical backdrop contributed to an influx of nonresidents into 10y OFZs, while local accounts were buying in the belly and at the long end. Turnover was tangibly higher than average at R36 bln. Yields closed 3-6 bps lower.STORIES> Multi-Asset Sputnik: Not out of the woods yet> Update on Norilsk fuel spill> VTB releases IFRS results for 8m20> Ukrainian economic activity improves in August> Kazakh inflation stays at 7.0% y-o-y in August
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).

VTB Bank (GDR)

VTB Bank PJSC

Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.

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

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Irina Lapshina

Kirill Rogachev

Mikhail Sheybe

Nikolay Minko

Research Team

Rodion Lomivorotov

Vladimir Lezhnev

Yaroslav Lissovolik

Yuri Popov

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