- Alisa Zakirova
- Andrew Keeley
- Ekaterina Sidorova
- Elena Tsareva
- Nikolay Minko
Debt Markets Today - May 18, 2018
CIS EUROBOND MARKETRising US Treasury yields brought more pressure to bear on Russian sovereign Eurobonds yesterday. Turnover was modest, but long-dated issues slid as much as 0.5 pp, with the Russia 47 faring the worst. The Russia 27 retreated 0.3 pp to 96.2% (YTM 4.8%, Z-spread 165 bps).GOVERNMENT DEBTOFZ volumes were again average. Intermediate and long-dated issues were well bid among locals and nonresidents alike, and yields closed 2-4 bps lower. At the short end, yields finished 3-4 bps lower. Turnover was again concentrated in the 15y OFZ 26221 (March 2033, 7.70%).STORIES> CBR publishes data on foreign holdings of OFZs for March> VTB 1Q18 IRFS: A strong quarter, but probably not sustainable> DIA to provide R113 bln in financial aid to Promsvyazbank
Bank VTB PAO is a Russia-based bank engaged in the provision of financial services. The Bank reports five segments: Corporate-Investment banking includes operations with corporate customers that are large business customers and banking financial institutions, as well as operations on the securities market; Mid-Corporate banking covers operations with medium business corporate customers; Retail business includes operations with individuals and small business corporate customers, and offers operations on Internet and mobile Point-of-Sale acquiring, plastic cards, payroll services and financial consulting, among others; Treasury comprises operations to manage liquidity, operations on financial and interbank markets, cash flow management and debit financing operation; as well as Other business includes two business: Construction and development involves operations undertaken by Company in the construction and development industry, and Other activities represent non-banking business.
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.
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