Report
Alisa Zakirova ...
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Olga Sterina
  • Research Team

Debt Markets Today - February 4, 2022. NLMK 4Q21/2021 Financials, Market Recaps

CIS EUROBOND MARKETIn the Russian sovereign Eurobond market, offers in the morning gave way to bids from local investors around mid-day yesterday. However, the sharp increase in US Treasury and Bund yields in the second half of the session put pressure on the market. As a result, the Russia 43 and Russia 47 posted losses of 1.1 pp and 1.4 pp, the worst results along the curve.GOVERNMENT DEBTOFZ yields rose 1-3 bps yesterday as the ruble slightly eased against the dollar. During the day, local accounts were bidding the middle of the curve, while nonresidents were offering long-term issues. The trading volumes on the Moscow Exchange remained healthy at R28 bln. The rest of the EM local bond universe was a mixed bag, but yields generally climbed 1-4 bps.STORIES> NLMK reports 4Q21 and full-year financial results
Underlyings
NLMK (GDR)

Novolipetsk Steel

Novolipetsk Steel is a vertically integrated steel manufacturing and production group based in Russia. Co. specializes in the manufacturing of high-quality hot and cold rolled steel in a variety of grades and sizes. Co. is also engaged in production and sales of flat steel products including slabs, hot rolled and cold rolled sheet, electrical steel, galvanized steel, cold rolled sheet with polymeric coatings. In addition, Co.'s areas of manufacturing include sintering, coke production, blast furnace production, steel-making, hot and cold-rolled flat steel production, galvanized and prepainted steel production. Co. exports its products to 70 countries around the world.

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
Alisa Zakirova

Ekaterina Sidorova

Igor Rapokhin

Olga Sterina

Research Team

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