Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anastasia Khakhaeva
  • Andrew Keeley
  • Andrey Gromadin
  • Anna Kotelnikova
  • Ekaterina Sidorova
  • Fedor Kornachev
  • Ilyas Yerzhanov
  • Irina Lapshina
  • Nikolay Minko
  • Research Team
  • Svetlana Sukhanova
  • Vladimir Lezhnev

Debt Markets Today - November 10, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds advanced amid the sharp global risk rally yesterday. Long-dated issues climbed 0.8-0.9 pp in price, while the belly of the curve showed more modest gains of 0.2 pp. GOVERNMENT DEBTOFZ yields continued to drop yesterday amid the ongoing rally in risk assets and the ruble. They dropped 2-4 bps in the middle of the curve and 5-6 bps at the long end. Trading volumes totaled R27 bln.STORIES> CBR's 1m ruble repo surges R0.6 trln to R1.2 trln> OFZ Weekly Flows: We expect a big nonresident inflow this week> PhosAgro 3Q20 results: Strong quarter> MTS 3Q20 results preview> Novak promoted from energy minister to deputy prime minister> Impact of changes in government on utilities and transportation> VTB 3Q20: Profitability still subdued despite decent revenue trends
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

PhosAgro PJSC

PhosAgro is a producer of phosphate-based fertilizers. As of Dec 31 2014, Co. had two segments: Phosphate-based products, which includes mainly production and distribution of ammophos, diammoniumphosphate, sodium tripoly phosphate and other phosphate based and complex (NPK) fertilisers on the factories located in Cherepovets, Balakovo and Volkhov, and production and distribution of apatite concentrate extracted from the apatite-nepheline ore, which is mined and processed in Kirovsk; and Nitrogen-based products,which includes mainly production and distribution of ammonia, ammonium nitrate and urea on the factory located in Cherepovets.

PhosAgro PJSC Sponsored GDR RegS

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

Anastasia Khakhaeva

Andrew Keeley

Andrey Gromadin

Anna Kotelnikova

Ekaterina Sidorova

Fedor Kornachev

Ilyas Yerzhanov

Irina Lapshina

Nikolay Minko

Research Team

Svetlana Sukhanova

Vladimir Lezhnev

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