Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Andrew Keeley
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - August 19, 2020

CIS EUROBOND MARKETRussian sovereign assets broadly recovered yesterday after coming under pressure on Monday from the situation in Belarus. Long-dated sovereign Eurobonds closed 1.5-1.7 pp higher.GOVERNMENT DEBTThe OFZ market sought to stabilize yesterday in the wake of Monday's sharp losses. The Finance Ministry's decision to cancel this week's auctions helped the situation and caused yields to ease 5 bps. By the close, yields were 7-10 bps lower on the day. Turnover was up at R25 bln.STORIES> Consumer spending growth improves in week to August 16> TMK publishes 2Q20 IFRS results> TBC Bank 2Q20: Profitability back close to 20% ROE> Belarusian GDP contracts 1.6% y-o-y in 7m20
Underlyings
TBC Bank Group

TBC Bank Group is a holding company. Through JSC TBC Bank and its subsidiaries, Co. is engaged in universal banking operations that include corporate, small and medium enterprises, retail and micro operations within Georgia.

TBC Bank Joint Stock Co

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
Alexander Golinsky

Alisa Zakirova

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Research Team

Rodion Lomivorotov

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