- Alexander Golinsky
- Alexey Bulgakov
- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Rodion Lomivorotov
- Sergei Konygin
Debt Markets Today - April 17, 2018
CIS EUROBOND MARKETExpectations of another round of sanctions from the US caused a moderate selloff - although no aggressive selling - in the Russian sovereign Eurobond market yesterday. The Russia 47 fared the worst, falling 1.3 pp to 95.4% (YTM 5.6%, Z-spread 266 bps), while the Russia 27 retreated 0.7 pp to 96.3% (YTM 4.8%, Z-spread 189 bps).GOVERNMENT DEBTOFZ trading was not very active, and movements were not pronounced, though bids emerged at the long end toward the close, pushing yields 2-5 bps lower in the 10y+ segment. Volumes reached R40 bln, of which R20 bln was in the 15y OFZ 26221 (March 2033, 7.70%), which was attributable to local investors.STORIES> Russian industrial output grows 1.0% y-o-y in March, 1.9% in 1Q18> Severstal publishes 1Q18 financial results> Kazakh National Bank cuts base rate by 25 bps> Kazakh industrial output growth slows to 4.7% in March> IMF completes second review of its economic program for Georgia
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.
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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