- Alisa Zakirova
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Rodion Lomivorotov
- Sergei Konygin
Debt Markets Today - September 10, 2018
CIS EUROBOND MARKETAfter light trading early in the day on Friday, Russian sovereign Eurobond prices began to slip, pressured by rising US Treasury yields. The Russia 28 was the biggest loser on the day, slipping 0.4 pp to 159.6% (YTM 5.0%, Z-spread 200 bps), followed by the issues maturing in 2026 and 2027, which lost 0.2 pp apiece. Prices along the rest of the curve changed only slightly.GOVERNMENT DEBTOn Friday, OFZ yields continued to rise amid heavy selling by foreigners, adding 5-8 bps across the curve. Limited local buying helped to soften yield increases in the belly. Trading activity was high, with volumes of R34 bln. On the week, the 2s10s spread widened 23 bps.STORIES> Higher volatility, new forecasts> EDC publishes 1H18 US GAAP results> QIA closes the deal to acquire a 14.2% stake in RosneftOJSC 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.
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.
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