Report
Alexander Golinsky ...
  • Alexey Bulgakov
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Irina Lapshina
  • Mikhail Sheybe

Debt Markets Today - January 21, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds advanced again on Friday, led by long-dated paper. The Russia 42 fared the best (+0.3 pp).GOVERNMENT DEBTOFZ yields moved in line with the ruble on Friday, rising 2-3 bps in the morning but declining later to close down 3-6 bps on the day. Volumes came in at R16 bln and were again concentrated at the long end of the curve. The OFZ 26207 saw the highest turnover (about R4 bln).STORIES> Iran, Libya and Venezuela seen driving OPEC+ deal over-compliance> S&P holds Russia's sovereign rating at BBB-> US OFAC may make announcements on Rusal this week> NLMK publishes 4Q18 trading update> Severstal reports strong 4Q18 trade update
Underlyings
NLMK (GDR)

Novolipetsk Steel

Novolipetsk Steel is a vertically integrated steel manufacturing and production group based in Russia. Co. specializes in the manufacturing of high-quality hot and cold rolled steel in a variety of grades and sizes. Co. is also engaged in production and sales of flat steel products including slabs, hot rolled and cold rolled sheet, electrical steel, galvanized steel, cold rolled sheet with polymeric coatings. In addition, Co.'s areas of manufacturing include sintering, coke production, blast furnace production, steel-making, hot and cold-rolled flat steel production, galvanized and prepainted steel production. Co. exports its products to 70 countries around the world.

Severstal (GDR)

Severstal PAO

PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.

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

Alexey Bulgakov

Alexey Kirichok

Alisa Zakirova

Andrey Kuznetsov

Irina Lapshina

Mikhail Sheybe

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch