Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Andrey Gromadin
  • Anna Kotelnikova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Rodion Lomivorotov

Debt Markets Today - July 10, 2019

CIS EUROBOND MARKETHigher US Treasury yields triggered a selloff in Russian sovereign Eurobonds yesterday, with nonresidents the most active sellers. The biggest drop was posted by the Russia 35, which shed 0.4 pp. The Russia 42 and 43 both lost 0.2 pp. GOVERNMENT DEBTThe OFZ market saw a restrained day yesterday, both in terms of movements and volumes. Yields moved 1-2 bps lower across the curve with R13 bln traded overall. Today, the Finance Ministry will offer R20 bln of the OFZ 26229 (November 2025, 7.15%).STORIES> Russia posts current account surplus of $45.8 bln in 1H19> Rosneft had to reduce output at YuganskNG in early July> Naftogaz: Comments on 2H18 accounts and road show presentation> Otkritie FC Bank returning to local bond market> Ukrainian consumer prices drop 0.5% in June> KazTransGas launches consent solicitation for holders of KTG 27
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
Alexey Bulgakov

Alisa Zakirova

Andrey Kuznetsov

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Rodion Lomivorotov

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