Report
Alexey Bulgakov ...
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Irina Lapshina
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - July 18, 2018

CIS EUROBOND MARKETMonday's profit taking spilled over into yesterday morning's trading, and quotes sank as much as 1.0-1.25 pp, but the afternoon brought consolidation, and issues closed no more than 1.0 pp lower on the day. The Russia 43 was again the day's biggest loser.GOVERNMENT DEBTFollowing Monday's flaccid session, OFZs underwent a selloff yesterday as the market concluded that no tangible progress had been reached at the meeting between the Russian and US presidents. A weak ruble also exerted pressure. Yields closed 6-9 bps higher in the middle of the curve and 3-4 bps higher at the long and short ends. Volumes were significantly higher than in recent days and totaled R19 bln. Almost R3 bln were concentrated in the 10y OFZ 26224 and 11y OFZ 26218.
Underlyings
Severstal (GDR)

Severstal PAO

PAO Severstal is an integrated Iron & Steel works company with a range of products: hot and cold rolled steel, roll-formed shapes and pipes, rolled sections, a large group of coke products and by-products. Co. also has various social responsibilities such as the operation and maintenance of sports complexes, holiday and recreational facilities and public housing. Co.'s operations are organized along three principal divisions: Severstal Russian Steel engaged in crude steel production; Severstal Resources engaged in the production of iron ore concentrate, pellets and coking coal; and Severstal International engaged in the production of high-quality flat-rolled products.

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

Irina Lapshina

Rodion Lomivorotov

Sergei Konygin

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