- Alexey Bulgakov
- Alisa Zakirova
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Maria Sukhanova
- Rodion Lomivorotov
- Sergei Konygin
- Svetlana Sukhanova
Debt Markets Today - April 9, 2018
CIS EUROBOND MARKETRussian sovereign quotes opened flat on Friday but subsequently came under pressure from falling US Treasury yields. The Russia 47 was the day’s underperformer, falling 0.5 pp to 101.1% (YTM 5.2%, Z-spread 231 bps). The Russia 27 retreated 0.3 pp to 100.0% (YTM 4.3%, Z-spread 146 bps).
GOVERNMENT DEBT
Yields climbed 1-4 bps along the curve, with local accounts responsible for most of the selloff. Volumes were slightly above average.
STORIES
> Inflation accelerates to 2.4% y-o-y in March
> Russia sanctions: New OFAC list includes En+, RUSAL
> RUSAL warns of possible technical defaults on some debt obligations
> VEON sells its operations in Tajikistan
United Company Rusal is a producer of aluminium and alloys. Co.'s production chain include bauxite and nepheline ore mines, alumina refineries, aluminium smelters and casting houses, foil mills and packaging production centres. Co. operates in four reportable segments: Aluminium, which is involved in the production and sale of primary aluminium; Alumina, which involved in the mining and refining of bauxite into alumina and the sale of alumina; Energy, which include the mining and sale of coal and the generation and transmission of electricity; Mining and Metals, which includes the equity investment in Co.'s joint venture, PJSC MMC Norilsk Nickel.
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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