Report
Alexander Golinsky ...
  • Alexey Kirichok
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Irina Lapshina
  • Mikhail Sheybe
  • Nikolay Minko
  • Olga Sterina
  • Research Team
  • Rodion Lomivorotov
  • Vladimir Lezhnev
  • Yuri Popov

Debt Markets Today - March 18, 2021

CIS EUROBOND MARKETQuotes on Russian sovereign Eurobonds dropped rather sharply yesterday on a rise in US Treasury yields and President Biden's comments on Russia. The biggest declines were seen at the long end, the Russia 43 and 47 losing 2.1 and 2.2 pp. Trading was more mixed in short-dated issues.GOVERNMENT DEBTOFZs experienced a volatile session yesterday, with yields rising amid comments from US President Joe Biden. However, local buying subsequently emerged at the long end, and yields closed just 2 bps higher in that segment. However, the curve continued to flatten, as yields climbed 6-7 bps in the belly.STORIES> Weekly inflation slows to 0.1%> Bi-Weekly FICC Strategy> OFZ Auction Results> Rusal releases good 2H20 IFRS results, warns about cost pressure
Underlyings
United Company RUSAL

United Company RUSAL international PJSC

United Company Rusal is a producer of aluminium and alloys. Co.'s production chain include bauxite and nepheline ore mines, alumina refineries, aluminium smelters and casting houses, foil mills and packaging production centres. Co. operates in four reportable segments: Aluminium, which is involved in the production and sale of primary aluminium; Alumina, which involved in the mining and refining of bauxite into alumina and the sale of alumina; Energy, which include the mining and sale of coal and the generation and transmission of electricity; Mining and Metals, which includes the equity investment in Co.'s joint venture, PJSC MMC Norilsk Nickel.

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

Alexey Kirichok

Alisa Zakirova

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Irina Lapshina

Mikhail Sheybe

Nikolay Minko

Olga Sterina

Research Team

Rodion Lomivorotov

Vladimir Lezhnev

Yuri Popov

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