Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Nikolay Minko

Debt Markets Today - October 1, 2019

CIS EUROBOND MARKETYesterday, the yield on 10y US Treasuries climbed 2 bps to 1.70% at the open of trading in London and spent most of the day in the 1.69-1.71% range. Toward the evening, however, it edged lower and finished the day at 1.67%. GOVERNMENT DEBTOFZs remained flat yesterday amid low activity. Trading was focused on the "old" floaters. We believe that tomorrow the Finance Ministry will offer R30 bln of the 10y OFZ 26228 (April 2030), which has not been offered in a long time.STORIES> CBR publishes data on inflation expectations> Finance Ministry releases 4Q19 OFZ borrowing plan> JV that owns tankers used by Yamal LNG falls under US Iran sanctions> Kernel Holding reports fiscal 2019 IFRS results> Kernel Holding announces new Eurobond
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

Alexander Sychev

Alexey Bulgakov

Andrey Gromadin

Anna Kotelnikova

Nikolay Minko

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