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

Debt Markets Today - July 20, 2020

CIS EUROBOND MARKETOn Friday, Russian sovereign Eurobonds continued to advance. The outperformers were the Russia 43 and 47, which added 0.6 pp and 0.5 pp respectively. GOVERNMENT DEBTAmid a lack of new triggers, activity remains thin in the OFZ market and is mostly coming from local accounts. Yields closed Friday mostly unchanged, although they moved 1-2 bps higher at the long end of the curve. Volumes came in at R20 bln. The strongest demand was seen for the OFZ 26229 and OFZ 26225 - two thirds of the volumes were in these two issues.STORIES> Russia economic activity: June shows signs of relief> Russia's external debt climbs by $19 bln to $477 bln in 2Q20> S&P affirms Russia at BBB-> Economy Ministry proposes tariff cuts for Transneft> CBR releases banking sector data for June
Underlyings
Transneft PJSC Pref.

Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.

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

Andrey Gromadin

Anna Kotelnikova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Research Team

Rodion Lomivorotov

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