Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Kirill Rogachev
  • Nikolay Minko
  • Rodion Lomivorotov

Debt Markets Today - September 26, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds retreated again yesterday. Trading was below average and was focused in the Russia 22 and 23 amid support from local investors, while other issues saw only selling. The Russia 43 and 47 (down 0.7 pp) fared the worst.GOVERNMENT DEBTOFZ yields initially climbed 1-2 bps along the curve due to declining risk appetite, but later on pulled back to close flat as the global backdrop improved. Volumes came in at R21 bln and were concentrated in the middle of the curve.STORIES> Russian consumer prices flat last week> CBR releases statistics on nonresident OFZ holdings in August> Credit Bank of Moscow prepares to raise equity> PhosAgro investor day: Growth set to continue in downstream> Tinkoff 8m19 results: Slowing loan growth> VEON to issue new Eurobonds> STLC issues $550 mln Eurobond at 4.95%> IMF mission reportedly leaving Ukraine without new program in place> Kazakhstan raises EUR1.15 bln> Georgian central bank hikes interest rates by another 50 bps
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

TCS Group Holding Plc Sponsored GDR Class A RegS

TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.

VimpelCom Ltd. ADS

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 Kirichok

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Irina Lapshina

Kirill Rogachev

Nikolay Minko

Rodion Lomivorotov

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