Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Mikhail Sheybe
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - February 18, 2021

CIS EUROBOND MARKETRussian sovereign Eurobonds remained on the downtrend yesterday, reacting to the rise in US Treasury yields at the beginning of the week. The biggest losses came in the Russia 47 (down 0.9 pp) and the Russia 43 (down 0.6 pp). GOVERNMENT DEBTYesterday's auctions found strong demand, both for the long paper on offer and the intermediate issue. This demand was most likely attributable to local banks, for which current elevated real yields look attractive. These developments helped to bring secondary yields 6-8 bps lower yesterday. Turnover was up significantly at R42 bln.STORIES> Weekly inflation holds at 0.2%> Bi-Weekly FICC Strategy> Finance Ministry finally finds demand for nominal OFZs> Novatek's 4Q20 results strong, ahead of estimates
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
Alexander Golinsky

Alisa Zakirova

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Mikhail Sheybe

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Yuri Popov

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