Report
Alisa Zakirova ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Anton Stroutchenevski
  • Artem Vinogradov
  • Ekaterina Sidorova
  • Kirill Rogachev
  • Rodion Lomivorotov

Debt Markets Today - September 19, 2019

CIS EUROBOND MARKETTrading was brisk on the Russian sovereign Eurobond market yesterday. A further drop in US Treasury yields sent Russian sovereign quotes higher. The Russia 42 and 47 were again the outperformers (+0.6-0.9 pp). Intermediate issues added 0.2-0.3 pp.GOVERNMENT DEBTOFZ yields tracked the ruble yesterday. They were unchanged in the morning, but began to decline in the evening and closed 1-2 bps lower along the curve. The market was not particularly active, with volumes reaching just R10 bln, mainly attributable to local accounts.STORIES> Russia economic activity: No positive surprise in August> Russian consumer prices decline another 0.1% last week> Trump appoints new national security advisor> CBR releases banking sector data for August> STLC to tap Eurobond market with new dollar deal> Belarusian GDP growth slows in 8m19
Underlyings
VTB Bank (GDR)

VTB Bank PJSC

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.

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
Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Kirill Rogachev

Rodion Lomivorotov

Other Reports on these Companies
Other Reports from Sberbank

ResearchPool Subscriptions

Get the most out of your insights

Get in touch