Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Ekaterina Sidorova
  • Irina Lapshina
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Vladimir Lezhnev

Debt Markets Today - February 12, 2021

CIS EUROBOND MARKETYesterday, Russian sovereigns posted moderate gains in what was something of a late reaction to the sharp drop in US Treasury yields earlier this week. At the top of the leaderboard were the Russia 47 and Russia 43, which added 0.3 pp each. The euro-denominated Russia 32 advanced 0.2 pp on the day. GOVERNMENT DEBTOFZ yields climbed another 8-10 bps yesterday, despite the ruble strengthening and decline in US Treasury yields. Underlying the move was the outcome to the previous day's OFZ auctions and comments from Deputy Finance Minister Timur Maximov that the ministry has no plans to place floaters, it sees demand for nominal paper and will not borrow at any price. Further pressure came in the afternoon, when the EU announced it was starting to devise new sanctions. Turnover came in at R22 bln.STORIES> NLMK posts in-line 4Q20 IFRS results, debt burden remains low
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
Alexander Golinsky

Alexey Kirichok

Alisa Zakirova

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

Olga Sterina

Research Team

Vladimir Lezhnev

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