Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Nikolay Minko
  • Rodion Lomivorotov

Debt Markets Today - May 16, 2019

CIS EUROBOND MARKETThe improved tone in global markets allowed CIS Eurobond quotes to advance yesterday, although both the gains and volumes traded were moderate. Russian sovereign papers due in 2042-47 added 0.2-0.3 pp, while the Russia 29 closed 0.2 pp higher at 100.3% (YTM 4.3%, Z-spread 201 bps). GOVERNMENT DEBTYesterday, the Finance Ministry placed R95 bln of the 5y OFZ 26227 (July 2024, 7.40%) at 8.03%, without a premium to the secondary market. The placement set a record for a single auction. Demand came to R183 bln. We think it was high from both foreigners and locals, the latter buying following the R250 bln redemption of the OFZ 26216. STORIES> Finance Ministry raises revenue, spending figures in 2019 budget> Russian consumer prices rise by 0.1% over May 1-13> Russia's updated external borrowing plan reflects status-quo> Finance Ministry trims OFZ borrowing target for 2019> Polyus: 1Q19 IFRS results comment> Sovcomflot reports 1Q19 IFRS results> Russian Railways announces IPT of first Russian green bond> Economic dynamics in Kazakhstan worsen in April
Underlyings
Polyus (GDR)

Polyus PJSC

PJSC Polyus is an open joint stock company based in Russia. Co. is engaged in operations as a gold production company. Co.'s major assets are: in Krasnoyarsk region, Olympiada deposit as well as Blagodantoe, Titimukhta, Tyrada, Olenii, Razdolinskaya, Zyryanovskaya and Panimba fields; in Irkutsk region, Zapadnoe, Verninskoe, Pervenets, and Chertovo Koryto and Mukodek goldfields as well as some 94 placer deposits; in Magadan region, Natalka deposit and smaller Degdekan and Vostochnoye fields; in the Republic of Sakha (Yakutia), Kuranakh ore body and Kyutchus field as well as 50% interest in the giant Nezhdaninskoye field; and in Amur region, Bamskoe gold field.CJSC Deloitte & Touche CIS

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

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Irina Lapshina

Nikolay Minko

Rodion Lomivorotov

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