Report
Alisa Zakirova ...
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Mikhail Sheybe
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Yuri Popov

Debt Markets Today - May 20, 2021

CIS EUROBOND MARKETRussian sovereign Eurobonds continued to trade sideways yesterday. Only the long-dated issues maturing in 2042 and 2047 recorded losses, each giving up 0.3 pp in price.GOVERNMENT DEBTMost OFZs registered slight losses yesterday. The worst performances came from the issues maturing in 2026-28, which climbed 3-4 bps in yield thanks to the generous premiums the Finance Ministry offered yesterday at its auction for the 7y issue. Longer-dated issues finished the day only 1-2 bps higher in yield. Trading volumes rose to R23 bln, with R10 bln attributable to floaters and short dated fixed-coupon issues.STORIES> Current account surplus reaches $28.1 bln over 4m21> Russian CPI rises 0.1% last week> Bi-Weekly FICC Strategy> OFZ auction results: A mixed bag> PhosAgro releases expectedly strong 1Q21 results
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
Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Igor Rapokhin

Mikhail Sheybe

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Yuri Popov

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