Report
Alex Fak ...
  • Alexander Kudrin
  • Alexander Sychev
  • Alisa Zakirova
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - April 26, 2018

CIS EUROBOND MARKETRussian sovereign Eurobonds came under pressure from rising US Treasury yields yesterday. The Russia 47 lost the most, slipping 1.1 pp to 96.7% (YTM 5.5%, Z-spread 244 bps). The Russia 27 dropped 0.4 pp to 97.0% (YTM 4.7%, Z-spread 162 bps). GOVERNMENT DEBTThe Finance Ministry placed all of the R15 bln in the OFZ 52002 (February 2028, 2.50%) and R15 bln in the OFZ 26223 (February 2024, 6.5%) on offer. Each was 3.3 times oversubscribed.STORIES> Weekly inflation in Russia remains at 0.1%> Alliance Oil Company publishes 4Q17 IFRS results> Novatek reports 1Q18 IFRS results
Underlyings
NOVATEK JSC

Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).

NOVATEK JSC Sponsored GDR RegS

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
Alex Fak

Alexander Kudrin

Alexander Sychev

Alisa Zakirova

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Rodion Lomivorotov

Sergei Konygin

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