Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrey Gromadin
  • Andrey Kuznetsov
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Cole Akeson
  • Ekaterina Sidorova
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - December 14, 2020

CIS EUROBOND MARKETBenchmark global yields fell again on Friday, which provided support to the Russian bond market. The US 10y yield fell 3 bps, pulling yields on Russian sovereign Eurobonds 1-3 bps lower. This meant gains of 0.4-0.7 pp for the Russia 42, 43 and 47.GOVERNMENT DEBTActivity in the OFZ market was subdued on Friday and yields held at previous levels. Most issues ended up closing unchanged for the day. Trading volumes came in at just R12 bln.STORIES> GDP down 3.4% y-o-y in 3Q20; trade, manufacturing recovering> Media accuse Russian agencies of hacking US government targets> Rosneft sells 49% stake in an East Siberian project to Equinor> Ukraine raises $0.6 bln in Eurobond market> National Bank of Ukraine keeps policy rate at 6%
Underlyings
Rosneft Oil Co.

OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.

Rosneft Oil Co. 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
Alexander Golinsky

Alisa Zakirova

Andrey Gromadin

Andrey Kuznetsov

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Nikolay Minko

Research Team

Rodion Lomivorotov

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