Report
Alisa Zakirova ...
  • Ekaterina Sidorova
  • Igor Rapokhin
  • Research Team

Debt Markets Today - August 25, 2021. Polyus Releases 2Q21 Financials

CIS EUROBOND MARKETRussian sovereign Eurobonds demonstrated moderate gains at the long end of the curve yesterday (the issues maturing in 2043 and 2047 added 0.2 pp). In the Russian corporate segment the largest gains came in Gazprom paper (up 0.2 pp), while the underperformer on the day was the Rusal 22 (down 0.2 pp). Other issues saw insignificant changes. GOVERNMENT DEBTTrading in OFZs remained extremely thin yesterday, with volumes only slightly above a third of the average over the last month. The yield curve shifted upward by 1-4 bps, and the "new" OFZ issues were among the laggards. At the same time, 10y local EM bonds saw yields decline, which may indicate that OFZs have the potential to bounce back in the second half of the week.STORIES> Polyus publishes 2Q21 financial results
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
Alisa Zakirova

Ekaterina Sidorova

Igor Rapokhin

Research Team

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