- Andrew Keeley
- Anton Stroutchenevski
- Artem Vinogradov
- Arthur Cherkesov
- Ekaterina Sidorova
- Igor Rapokhin
- Research Team
- Rodion Lomivorotov
Debt Markets Today - October 1, 2021. Russian Budget to Run Surpluses, in 2022-23, VTB IFRS Numbers for August
CIS EUROBOND MARKETRussian sovereign Eurobonds were once again in the red yesterday. The biggest turnover was seen in the 2029 and 2035 issues. The largest decline in price came in the Russia 35 (-0.6 pp) and the Russia 47 (-0.5 pp). GOVERNMENT DEBTFollowing the disappointing inflation report on Wednesday, OFZ yields moved higher yesterday. Unsurprisingly, OFZs maturing in up to 4y were hit the hardest, with yields adding 5-15 bps on the day. Long-dated paper, meanwhile, added just 1-4 bps in yield, as bids for these issues were seen from both nonresidents and locals. Particularly resilient were 10y papers following the inclusion of the 10y OFZ 26239 (July 2031) in the GBI-EM family of indexes.STORIES> Budget to run surpluses in 2022-23> VTB reports IFRS numbers for August and 8m21
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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