Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov
  • Yaroslav Lissovolik

Debt Markets Today - July 31, 2020

CIS EUROBOND MARKETAfter posting slight gains on Wednesday, Russian sovereign Eurobonds retreated yesterday amid a deepening of risk-off sentiment in global markets. For the day, the Russia 43 dropped 0.9 pp and the Russia 47 declined 0.4 pp. GOVERNMENT DEBTDeclining global risk appetite and the ruble's underperformance versus EM peers caused OFZ yields to climb 8-11 bps at the long end and 6-9 bps elsewhere. Volumes came in at R19 bln, with local accounts absorbing most of the supply.STORIES> Russian economic activity: Improvement in June, but still in the red> Novatek 2Q20 conference call highlights> Kremlin exhibits reserved reaction to accusations of meddling in Belarus> Azeri central bank cuts key policy rate 25 bps to 6.75%
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

Nikolay Minko

Research Team

Rodion Lomivorotov

Yaroslav Lissovolik

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