Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Ekaterina Sidorova

Debt Markets Today - July 24, 2018

CIS EUROBOND MARKETDespite a sharp increase in the US 10y Treasury yield, limited volumes on the Russian sovereign Eurobond market restrained the size of the correction. The Russia 47 fared the worst, losing just 0.2 pp.GOVERNMENT DEBTOFZ volumes came in at a lowly R15 bln, of which R8 bln was attributable to the 6y OFZ 26223 (February 2024, 6.5%). Yields rose 2-5 bps in the belly but stayed flat elsewhere. Floaters were also flat.
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
Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Ekaterina Sidorova

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