Sberbank - VTB Bank (GDR) (VTBR) ... Debt Markets Today - September 26, 2018

Report

Sberbank

Alexander Sychev ...

Andrew Keeley
Andrey Kuznetsov
Kirill Rogachev
Nikolay Minko

Debt Markets Today - September 26, 2018

CIS EUROBOND MARKETRussian sovereign Eurobonds found demand yesterday, and quotes were mostly rising, adding around 0.125 pp. The Russia 47 ended the day at 94.02% (YTM 5.7%, Z-spread 250 bps).GOVERNMENT DEBTOFZ yields rose 3-5 bps in the morning yesterday as foreign investors were selling amid general EM weakness. The Finance Ministry again decided against placing OFZs, which helped yields to close only 1-2 bps higher.STORIES> Nonresident share of OFZ market reportedly slips to 25%> Finance Ministry plans to borrow R1.5 trln next year> IMH announces early tender results for Eurobond buyback> VTB Supervisory Council approves Vozrozhdenie Bank acquisition

26/09/2018 38 EN

Underlyings

VTB Bank (GDR)

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US46630Q2021 London Stock Exchange Russia

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.

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RU000A0JP5V6 Moscow Exchange MICEX-RTS Russia

Provider

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.

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Analysts

Alexander Sychev

Andrew Keeley

Andrey Kuznetsov

Kirill Rogachev

Nikolay Minko

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Debt Markets Today - September 26, 2018

Bank Pulse: Closures of European subsidiaries of Russian banks may lead to higher costs for European banks

VTB - Suspension of Coverage

CIS Market Daily - February 28, 2022

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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