Sberbank - Yandex NV Class A (YNDX) Debt Markets Today - July 29, 2020

Report

Sberbank

Alexander Golinsky ...

Alisa Zakirova
Anastasia Khakhaeva
Anton Stroutchenevski
Artem Vinogradov
Ekaterina Sidorova
Mikhail Sheybe
Nikolay Minko
Research Team
Rodion Lomivorotov
Svetlana Sukhanova

Debt Markets Today - July 29, 2020

CIS EUROBOND MARKETRussian sovereign Eurobonds closed with moderate losses yesterday. The Russia 47 underperformed with a 1.2 pp decline, while the losses in the middle of the curve were limited to 0.5 pp. GOVERNMENT DEBTThe OFZ market remained extremely muted yesterday, with trades going through mainly in the 2y OFZ 26211 (January 2023). The issue saw flows of R8.5 bln, while total volumes reached R17.3 bln.STORIES> Consumer spending, consumer business activity improve last week> Oil trades sideways, EIA inventory report and Fed meeting on radar> Finance Ministry could place R70-100 bln at OFZ actions today> Yandex 2Q20 US GAAP results: Broadly in line with preliminary results

29/07/2020 42 EN

Underlying

Yandex NV Class A

Yandex is an internet and technology company that operates an internet search engine in Russia. Co. builds intelligent products and services powered by machine learning. Co.'s products and services are based on complex, unique technologies that are not easily replicated. Co. generates substantially all of its revenues from online advertising. Co. also generates revenues from its e-commerce offerings, classifieds and e-hailing service. Co.'s businesses are organized in the following operating segments: Search and Portal; E-commerce; Taxi; Classifieds and Experimental businesses.

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NL0009805522 NASDAQ Stock Market Netherlands

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 Golinsky

Alisa Zakirova

Anastasia Khakhaeva

Anton Stroutchenevski

Artem Vinogradov

Ekaterina Sidorova

Mikhail Sheybe

Nikolay Minko

Research Team

Rodion Lomivorotov

Svetlana Sukhanova

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Debt Markets Today - July 29, 2020

Vital Signs: Actionable charts

Vital Signs: Actionable charts

Vermilion Macro Vision: Sector Synopsis

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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