Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alisa Zakirova
  • Andrew Keeley
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Nikolay Minko
  • Research Team

Debt Markets Today - May 14, 2020

CIS EUROBOND MARKETYesterday, Russian sovereign Eurobonds continued to show a mixed performance but without major moves. Demand remains the strongest for the middle of the curve and for the Russia 47, the latter closing 0.5 pp higher in price. The Russia 42, meanwhile, shed 0.2 pp.GOVERNMENT DEBTOFZs were buoyed by strong results at the auctions yesterday. Mid-dated paper dropped 3-4 bps in yield, but long-dated issues closed flat, with flows among local investors mixed. Volumes totaled R39 bln.STORIES> TCS 1Q20: Strong profitability despite high risk costs> TCS 1Q20: Strong profitability despite high risk costs> Rada approves banking law
Underlyings
TCS Group Holding Plc Sponsored GDR Class A RegS

TCS Group Holding is a retail banking services group based in the Russian Federation. Co. is principally engaged in providing retail banking services in the Russian Federation through its subsidiaries, primarily Tinkoff Credit Systems. Co., through this subsidiary, fully licensed by the Central Bank of Russia and a member of the Deposit Insurance System, specializes in credit cards. Co. provides online retail financial services through a branchless operating platform. Co. also offers remote access to its financial products and services through its online banking as well as through mobile banking and high-volume call centers.

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

Alexander Sychev

Alexey Bulgakov

Alisa Zakirova

Andrew Keeley

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Research Team

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch