Report
Alexander Golinsky ...
  • Alisa Zakirova
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Mikhail Sheybe
  • Nikolay Minko
  • Research Team
  • Rodion Lomivorotov

Debt Markets Today - November 17, 2020

CIS EUROBOND MARKETRussian sovereign Eurobond prices found support from rising risk appetite across global markets yesterday. The Russia 47 and 43 outperformed, adding 0.4 pp and 0.3 pp, respectively.GOVERNMENT DEBTOFZ yields eased by 2-4 bps yesterday on scanty volumes against the backdrop of a firming ruble. Turnover was just R9 bln. Today, we expect the Finance Ministry to announce that it will offer the floating-rate OFZ 29016 (R294 bln registered for placement) tomorrow, as well as the rest of the long-dated nominal OFZ 26235 (March 2031) available for placement. This week is the third this month, which is traditionally when the Finance Ministry offers CPI linkers, and we expect the OFZ 52003 (July 2030) to be offered tomorrow as well.STORIES> Oil advances on further vaccine progress ahead of JMMC meeting> OFZ Weekly Flows: Largest foreign inflow since May> VEON to tap the market with 7y dollar deal> Inflation in Ukraine picks up to 2.6% y-o-y in October> National Bank of Belarus keeps refinancing rate at 7.75%
Underlyings
VimpelCom Ltd. ADS

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

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Mikhail Sheybe

Nikolay Minko

Research Team

Rodion Lomivorotov

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