Report
Alexander Golinsky ...
  • Alexander Sychev
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Rodion Lomivorotov
  • Sergei Konygin

Debt Markets Today - October 11, 2018

CIS EUROBOND MARKETRussian sovereign Eurobond quotes closed largely flat, with only the Russia 28 moving to any significant degree (up 0.2 pp to 158.6%; YTM 5.0%, Z-spread 180 bps).GOVERNMENT DEBTOFZ yields retreated in the morning and eventually closed 3-7 bps lower at the long end. Bids prevailed, with locals doing the buying, while foreigners continued to sell. Volumes remained low at just R10 bln, with about R3 bln of that attributable to the OFZ 26207. The Finance Ministry fully placed R5 bln in the OFZ 25083 at a weighted average yield of 8.28% (no premium to the secondary market). The placement was over four times oversubscribed.STORIES> Russia Economic Monthly: Impact of higher oil price on budget, BoP> Weekly inflation in Russia remains at 0.1%> Gazprombank approaching call date on its $1 bln perps> VEON withdrawals offer to acquire GTH assets> Positive news on standby facility
Underlyings
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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

Alisa Zakirova

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Rodion Lomivorotov

Sergei Konygin

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