Report
Airat Khalikov ...
  • Alexander Golinsky
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Mikhail Sheybe
  • Nikita Mitrofanov
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Yaroslav Lissovolik
  • Yuri Popov

Debt Markets Today - April 2, 2021

CIS EUROBOND MARKETRussian sovereign Eurobond quotes generally traded sideways yesterday, barely reacting to a drop in US Treasury yields, though the Russia 43 and 47 each added 0.2 pp.GOVERNMENT DEBTOFZ yields rose 1-2 bps yesterday in the 10y+ segment, despite the strength of Wednesday's auctions and a 7 bp decline in the US 10y Treasury yield. Pressure came from the sharp ruble weakening and a persistently high weekly inflation reading (0.2%). The predominance of these local factors was evidenced by the fact that other EM local sovereign debt yields dropped 4-8 bps. Turnover in the OFZ market reached R41 bln.STORIES> Russian GDP shrinks 1.8% in 4Q20> Bi-Weekly FICC Strategy> Multi-Asset Sputnik: Inflation Staging a Comeback> MTS issues debut social bonds> Kazakh inflation slows to 7% y-o-y in March
Underlyings
Mobile TeleSystems PJSC

Mobile Telesystems is a provider of mobile cellular communications services in the Russian Federation, Ukraine, Uzbekistan and Turkmenistan to consumers and corporate customers, employing technology based primarily on Global System for Mobile Communications (GSM). Co. had a mobile subscriber base of around 102.5 million (77.3 million in Russia, 20.4 million in Ukraine, 2.1 million in Turkmenistan, 1.6 million in Uzbekistan and 1.1 million in Armenia). In addition to standard voice services, Co. provides improved services, including voice mail, short message service, general packet radio service, and various SMS- and GPRS-based information and entertainment services.

Mobile TeleSystems PJSC Sponsored ADR

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
Airat Khalikov

Alexander Golinsky

Alisa Zakirova

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Igor Rapokhin

Mikhail Sheybe

Nikita Mitrofanov

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Yaroslav Lissovolik

Yuri Popov

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