Sberbank - NOVATEK JSC (NVTK) ... Debt Markets Today - July 23, 2019

Report

Sberbank

Alexander Sychev ...

Alexey Bulgakov
Alexey Kirichok
Alisa Zakirova
Andrey Kuznetsov
Andrey Gromadin
Anna Kotelnikova
Ekaterina Sidorova
Irina Lapshina
Nikolay Minko

Debt Markets Today - July 23, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds saw limited activity yesterday, and quotes did not move much, with the exception of the Russia 47 (+0.2 pp).GOVERNMENT DEBTLocal accounts were again buying OFZs, taking yields 3 4 bps lower in the middle of the curve and 5-6 bps lower at the long end. Volumes came in at just R21 bln.STORIES> CBR preview: CBR set to cut 25 bps on Friday, in September> FX liquidity in banking system remains comfortable in June> Novatek 2Q19 results preview> Polyus releases 2Q19 trading update> Petropavlovsk releases 2Q19 operating results

23/07/2019 43 EN

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).

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RU000A0DKVS5 Moscow Exchange MICEX-RTS Russia

NOVATEK JSC Sponsored GDR RegS

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US6698881090 London Stock Exchange Russia

Polyus (GDR)

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US73181M1172 London Stock Exchange Russia

Polyus PJSC

PJSC Polyus is an open joint stock company based in Russia. Co. is engaged in operations as a gold production company. Co.'s major assets are: in Krasnoyarsk region, Olympiada deposit as well as Blagodantoe, Titimukhta, Tyrada, Olenii, Razdolinskaya, Zyryanovskaya and Panimba fields; in Irkutsk region, Zapadnoe, Verninskoe, Pervenets, and Chertovo Koryto and Mukodek goldfields as well as some 94 placer deposits; in Magadan region, Natalka deposit and smaller Degdekan and Vostochnoye fields; in the Republic of Sakha (Yakutia), Kuranakh ore body and Kyutchus field as well as 50% interest in the giant Nezhdaninskoye field; and in Amur region, Bamskoe gold field.CJSC Deloitte & Touche CIS

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RU000A0JNAA8 Moscow Exchange MICEX-RTS Russia

Provider

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.

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Analysts

Alexander Sychev

Alexey Bulgakov

Alexey Kirichok

Alisa Zakirova

Andrey Kuznetsov

Andrey Gromadin

Anna Kotelnikova

Ekaterina Sidorova

Irina Lapshina

Nikolay Minko

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Debt Markets Today - July 23, 2019

The Rear-View Mirror – EME markets: Turkey on top again, but muted this time around

WOOD Daily: EME Macro/Strategy – US Macro; SHO PW; SPL PW; PEO PW; PKO PW; PLZL LI

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Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Russia FX/Rates Snapshot - March 24, 2022. Ruble Could Take a Pause After Sharp Gains

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