Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Cole Akeson
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Vladimir Lezhnev

Debt Markets Today - February 25, 2020

CIS EUROBOND MARKETBy Friday's close in Moscow, the 10y US Treasury yield was trading 5 bps lower at 1.46% and the 30y yield was 6 bps lower at 1.90%. Russian sovereign yields tracked this move at the long end, as did Kazakh paper, which caused a sharp rise in quotes. The Russia 43 and 47 ended the session 1.6-1.7 pp higher.GOVERNMENT DEBTOn Friday, OFZ yields climbed 4-6 bps amid pressure from a weakening ruble ahead of the long weekend in Russia. Local accounts were mainly selling. The release of US data later halted the rise in yields and even caused them to fall a bit. They closed 2 bps higher at the long end and 3-4 bps higher in the belly. Volumes totaled R30 bln.STORIES> Three US senators request Trump impose new sanctions on Russia> PhosAgro reports 4Q19 IFRS results> CBR releases banking sector data for January> Russia offers Belarus compromise on oil prices
Underlyings
PhosAgro PJSC

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.

PhosAgro PJSC 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

Alexey Kirichok

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Cole Akeson

Ekaterina Sidorova

Irina Lapshina

Kirill Rogachev

Nikolay Minko

Vladimir Lezhnev

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