- Alisa Zakirova
- Anton Stroutchenevski
- Artem Vinogradov
- Ekaterina Sidorova
- Igor Rapokhin
- Nikolay Minko
- Olga Sterina
- Research Team
- Rodion Lomivorotov
Debt Markets Today - April 21, 2021
CIS EUROBOND MARKETThe Russian sovereign Eurobond segment saw a significant correction yesterday after last week's rally and amid the elevated geopolitical tensions, despite a drop in US Treasury yields. The Russia 47 closed worse than the market, giving up 1.5 pp in price, while the Russia 43 fell 1.2 pp.GOVERNMENT DEBTYesterday morning, OFZ yields continued to rise, climbing as high as 7 bps, amid the elevated geopolitical tensions and weakening ruble. However, after the Finance Ministry announced that it would offer only two issues at its weekly auctions today with set limits (R20 bln in a 7y nominal OFZ and R10 bln in a 9y inflationary OFZ), yields somewhat recovered and closed only 2-3 bps higher on the day.STORIES> Kolychev comments on budget policy> Economic activity improves in March> Russian external debt declines $8.5 bln in 1Q21> Petropavlovsk posts 1Q21 operating and sales results> PhosAgro posts strong 1Q21 trading updatePhosAgro 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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