- Anastasia Khakhaeva
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Fedor Kornachev
- Igor Rapokhin
- Research Team
- Rodion Lomivorotov
- Sergey Kolesnikov, FRM
Debt Markets Today - November 18, 2021. Russian Inflation, GDP, Auction Results, MTS Results
CIS EUROBOND MARKETPrices on Russian sovereign Eurobonds continued to drop yesterday, but the declines were less significant than in the last couple of sessions. Long-dated issues underperformed with losses of 0.2 pp. GOVERNMENT DEBTOFZ yields dropped 2-5 bps yesterday on the back of the strengthening of the ruble. However, trading volumes were down to just R24 bln, which is 20% below the average daily volumes over the last month. Meanwhile, R8 bln came in the floating-rate OFZ. Meanwhile, EM peer markets were mixed yesterday: the yield on the 10y benchmark of Turkey added 20 bps, while Mexico's 10y declined 5 bps.STORIES> Russian GDP expands 4.3% y-o-y in 3Q21> Weekly inflation returns to 0.2%> OFZ auction results: Demand for nominal issue better than expected> MTS posts neutral 3Q21 IFRS results; 2021 guidance in line with estimatesMobile 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.
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.
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