Report
Alexey Kirichok ...
  • Alisa Zakirova
  • Ekaterina Sidorova
  • Nikolay Minko
  • Olga Sterina
  • Research Team

Debt Markets Today - April 23, 2021

CIS EUROBOND MARKETThe reports yesterday that Russia had ordered troops stationed in southern Russia for training exercises back to their permanent bases caused the geopolitical risk premium in Russian assets, including the country's sovereign Eurobonds, to narrow. The long dated sovereign issues gained 1.0-1.6 pp.GOVERNMENT DEBTMedia reports that Russia will today begin pulling troops back from the border region with Ukraine caused OFZ yields to drop 10 bps yesterday. However, nonresident selling later on eventually led to yields closing 6-7 bps lower on the day.STORIES> NLMK posts solid 1Q21 IFRS results, provides positive 2Q21 outlook
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
Alexey Kirichok

Alisa Zakirova

Ekaterina Sidorova

Nikolay Minko

Olga Sterina

Research Team

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