Sberbank - TBC Bank Group (TBCG) ... Debt Markets Today - November 15, 2019

Report

Sberbank

Alexander Sychev ...

Alexey Bulgakov
Alisa Zakirova
Andrew Keeley
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Kirill Rogachev
Rodion Lomivorotov

Debt Markets Today - November 15, 2019

CIS EUROBOND MARKETRussian sovereign Eurobond quotes advanced yesterday amid a decline in US Treasury yields. The Russia 47 (+1.0 pp) and Russia 43 (+0.5 pp) fared the best. However, turnover was below average due to a lack of offers.GOVERNMENT DEBTFollowing several days of losses, buyers returned to the OFZ market yesterday, with nonresidents particularly active at the long end. Yields closed 5-8 bps lower. Volumes totaled R25 bln.STORIES> Budget spending up 22% y-o-y in October as government plays catch-up> Eurotorg releases 3Q19 operating results> Silknet reports unaudited 3Q19 IFRS results> TBC Bank 3Q19: Decent profitability, but NIM and costs disappoint

15/11/2019 42 EN

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.

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GB00BYT18307 London Stock Exchange United Kingdom

TBC Bank Joint Stock Co

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US87217U2087 Georgia

Provider

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.

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Analysts

Alexander Sychev

Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Rodion Lomivorotov

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Research Team

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Debt Markets Today - November 15, 2019

TBC Bank Group: 1 director

The Rear-View Mirror – EME markets: Poland outperforms; Türkiye declines

WOOD Flash – Georgia macro: insights on a Ukraine deal spillover to Georgia

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

CIS Market Daily - March 24, 2022

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