- Alexey Bulgakov
- Alisa Zakirova
- Andrew Keeley
- Andrey Kuznetsov
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Ekaterina Sidorova
- Kirill Rogachev
- Nikolay Minko
- Research Team
- Rodion Lomivorotov
Debt Markets Today - July 2, 2020
CIS EUROBOND MARKETFollowing their correction at the beginning of the week, Russian Eurobonds advanced yesterday, despite the absence of local investors, thanks to a rise in global risk appetite. The Russia 47 (+1.9 pp) fared the best, followed by the Russia 43 (+1.7 pp).GOVERNMENT DEBTThe recent correction in the OFZ market has continued on Tuesday, and nominal issues again found themselves under pressure due to the weak results of the 5y auction. The selling picked up pace late in the day on Tuesday amid heightened sanction rhetoric in the US Senate. For the day, yields rose 15-20 bps on OFZs maturing in 4y and longer. Trading volumes were elevated at around R60 bln.STORIES> SberIndex consumer spending dynamics worsen over June 22-28> US senator proposes new sanctions against Russia; mixed> OFZ borrowing could be R1.3 trln above Finance Ministry target in 2020> Another corporate conflict at Petropavlovsk> VTB releases IFRS results for 5m20> Sibur places 5y Eurobond
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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