Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Nikolay Minko
  • Rodion Lomivorotov

Debt Markets Today - March 26, 2019

CIS EUROBOND MARKETRussian sovereign Eurobonds had a positive session yesterday, led by the on-the-run Russia 35. It was in particular demand among US investors and closed the day 1.7 pp higher.GOVERNMENT DEBTSome R12 bln was traded in the OFZ 26214 yesterday. The bond is scheduled for redemption in May 2020 and will therefore be removed from the indexes this May, so index-tracking funds are actively selling and purchasing longer issues, such as the 3y OFZ 26209, which saw R6 bln of trading yesterday, and the 7y OFZ 26226, which will be added to the indexes in April. STORIES> Finance Ministry to alter OFZ plans to account for Eurobond issuance> Russian Agricultural Bank releases 2018 IFRS results> Fitch re-assigns credit ratings for Rusal> Ukrainian GDP rises 3.3% last year
Underlyings
United Company RUSAL international PJSC

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.

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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Nikolay Minko

Rodion Lomivorotov

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