Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - December 21, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds continued to trade sideways on Friday.GOVERNMENT DEBTThe OFZ market was largely barren ahead of Friday's CBR rate decision, but yields began to climb and ended 2-3 bps higher after CBR Governor Elvira Nabiullina's press conference, where she said there was still scope to cut the key rate, but by less than previously assumed (see the story below). Volumes were again low at just R10 bln, though nonresidents were still buying.STORIES> Basic sectors better y-o-y in November, but recovery stalling> CBR Review: CBR keeps rates unchanged amid rising inflation> S&P upgrades Polyus to BB+ from BB, outlook stable> Closing our idea to buy the Uzbekistan 30
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

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

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