- Alexey Kirichok
- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Irina Lapshina
- Nikolay Minko
- Rodion Lomivorotov
Debt Markets Today - October 25, 2019
CIS EUROBOND MARKETRussian sovereign Eurobonds were little changed yesterday despite volatility in US Treasury bonds, though the Russia 28 added 0.2 pp.GOVERNMENT DEBTGiven the rather strong drop in yields in recent days, many market players opted to take profit yesterday ahead of today's CBR meeting. The market expects a 50 bp rate cut but a fairly cautious stance in the statement. We think it unlikely that the bank will clearly signal an intention to cut by another 50 bps in December. What's more likely is that it will express a willingness to cut the rate further but will avoid painting itself into a corner. We think the CBR will begin to prepare the market for a 50 bp cut in late November or early December. STORIES> CIS economic digest: Positive momentum could continue for some time> NLMK reports weak 3Q19 IFRS results, as expected> PhosAgro 3Q19 trading update and earnings preview> National Bank cuts key rate 100 bps to 15.5%; more cuts to follow
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.
PhosAgro is a producer of phosphate-based fertilizers. As of Dec 31 2014, Co. had two segments: Phosphate-based products, which includes mainly production and distribution of ammophos, diammoniumphosphate, sodium tripoly phosphate and other phosphate based and complex (NPK) fertilisers on the factories located in Cherepovets, Balakovo and Volkhov, and production and distribution of apatite concentrate extracted from the apatite-nepheline ore, which is mined and processed in Kirovsk; and Nitrogen-based products,which includes mainly production and distribution of ammonia, ammonium nitrate and urea on the factory located in Cherepovets.
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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