Report
Alisa Zakirova ...
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - May 18, 2021

CIS EUROBOND MARKETThe Russian sovereign Eurobond market saw strong bids at the open yesterday but by the end of the day the market was back at its previous levels. Price movements across the curve did not exceed 0.2 pp. GOVERNMENT DEBTWith no new drivers, trading in the OFZ market remains thin. Yesterday's turnover totaled a meager R14 bln, which is just half of the daily average volume so far this year. Yields closed the day unchanged.STORIES> Russian GDP down 1% y-o-y in 1Q21> Recovery of oil and gas revenues supporting budget> OFZ Weekly Flows: Nonresident inflows resume> NLMK announces capped tender offer financed by new issue> Petropavlovsk reports 2H20 and 2020 IFRS 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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

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