Report
Alexander Golinsky ...
  • 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 - September 3, 2020

CIS EUROBOND MARKETTrading in Russian sovereign Eurobonds was mixed yesterday. The Russia 42 outperformed with a 0.2 pp gain, while the Russia 28 and Russia 47 shed a respective 0.4 pp and 0.5 pp.GOVERNMENT DEBTThe OFZ market was extremely quiet yesterday morning, and yields did not change much. However, yields surged 8-14 bps in the belly and at the long end in the afternoon amid a rise in geopolitical risks. Long-dated paper was the most actively traded, particularly, the 14y OFZ 26225 (R6 bln). Volumes totaled R20 bln.STORIES> Consumer spending growth slows slightly in week to August 30> Russian inflation likely 3.5% y-o-y in August> German officials cite "Novichok" in the illness of Alexei Navalny> VTB releases IFRS results for 7m20
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
Alexander Golinsky

Alisa Zakirova

Andrew Keeley

Andrey Kuznetsov

Anton Stroutchenevski

Artem Vinogradov

Cole Akeson

Ekaterina Sidorova

Kirill Rogachev

Nikolay Minko

Research Team

Rodion Lomivorotov

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  • Research Team
  • Rodion Lomivorotov

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