RUSS-INVEST IK OAO The summer in the market of ruble corporate debt terminated on a neutral note on the raised turns. Over half of the turn fell on short issues with duration of less than year which showed moderate growth by 15-17 bps. A quarter of interest fell on longer loans with duration of 1 to 2 years which lost comparable size.
Development and oil&gas (+0,3% and +0,5% respectively) appeared leaders of Friday. Trade turnovers in the latter exceeded average levels for August almost twice, and the best dynamics was shown by the first bond of Transneft which rose in price by 2%. In development over half of all transactions were concluded in AIZK BO-2 (+0,7%). Pressure upon the market was put by retail (-0,6%) and transport (-0,3%). X-5 Finance BO-2 was closed in minus by 0,9%, and RZD of series 16 and
18 - by 0,8% and 0,5% respectively.
In the market of internal national debt on all section of the curve passed sales, but the greatest losses fell on distant section with duration of over
5 years where OFZs lost 0,7%. Issues of series
26205 and 26209 appeared among obvious
outsiders and lost 1,35% and 1,45% respectively.
Sales passed in a segment of domestic Eurobonds
as well, and average decrease in quotations made
0,5%. Worse than the market looked RSHB issues,
namely RSHB 23 (-6,1%) and RSHB 18-2 (-1,7%).
Key indicatorsSource: Bloomberg
01.09.2014 1
INVESTMENT COMPANY IC RUSS-INVESTFixed income daily
01.09.2014
Source: B/oomberg 2
INVESTMENT COMPANY IC RUSS-INVESTFixed income daily
103,54
91,75
739
&DD
USO
52 95,61 ,.
-0,22
-0,33
'4
279
'"
102,50
98,7 8
99,15
104,50
3D3
,.
SDB
-0,58
-1,50
-2 ,15
6DD
35D
3DD
u so
EUR
u so
100,50
103,50
99,90
567
S>D
•3,09
7SD USO USO
RUSB91/407/11/17
9,25
7 101,50 351
9 8,65 556
96,90
96,01 1070
90,00 1201
95,00
-0,0 2
•1,00
-0,7 1
-0,0 2
7SD u so
USO ,,
USO B·
u so
RUSB 10 'J /4 04/10/18
RUSB 111/2 01/17/24
STPETE 7.63 07/25/17
10,75 10.0<1.2018
11,50
7 ,63
u'"s
99 ,75
86,00
100,75
952
35D
2DD
,,
STPETE 1110/'lA /18
STPETE 10 3/4 04/22/19
FEIBNK 911/14/16
VOSEXP lZOS /29/19
Vl'B 5.0109/29/15
VìB 6.465 03/04/15
VìBO 04/24/ lS Vl'B 5 11/17/15
VìB4 07/20/15
VTB 4 1/2 10/'10/1"> VTB 41/40Z/15/16
Vl'B3.1512/16/16
VìB 6 04/1Z/17
VTB 6 7/805/29/18
VìB 6.315 02/22/18
11,00 2<1.10.2018 50
10,75 22 . 0<1.2 019 <18
9,00
12,00 2 9.05.2019 86
5,01 2 5
6,<1 7
2,03 2<1. 0<1.2015 50
5,00 17. 11.2 015 7<1
4,00
<1,50 30 .10.2015 56
<1, 25 15. 0 2.2 016 16<1
3,15
6,00 12 . 0<1.2017 38
6,88 85
6,32
99 ,70 963
100,22 911
92,00
96,13 115<1
99,75 489
100,2 5
98,50 417
100,10 486
98,74
98,15 307
99,98 401
94,82
102,15 413
101,70 498
102,05
-0,0 2
-2,39
-0,5 2
-0,2 5
-0,2 9
-0,2 5
-0,12
-0,48
-1,68
-1,7 3
-0,11
-2 ,39
-1,16
-1,38
-0,58
-0,18
-0,<15
-0,71
-0,<1 6
-3,3 1
-1,77
-0,0 7
-7 ,69
-1,12
-7 ,56
-1,2 8
•1,48
-0,55
-0,12
•1,05
+0,20
+1,34
•1,74
-0,7 9
+3,<14
•0,69
+3,13
>DD
"'
2 OOD
2 OOD
2 OOD
USO
USO
u so
USO
CHF
CNY
EUR
USO USO
VTB 2.9 OS /ZS /1 8
VìB 6.55110/13/20
Vl'B 6.9510/17/22
2,90 2 5.05.2018 26 3
6,55
6,95
91 ,05 551
9 8,95 484
94,09
-2,65
-1,04
-1,11
-4,75
-2 ,6 2
-4,48
-0,<11
•2,00
-0,94
"D CHF
USO
VTB 61/406/'10/'H
VEBBNK3 3/402/17/16
VEBBNK 5A5 11/22/17
6,25 30. 06.2035 30.06 2 015 117
3,75 166
5,<15
100,85 33<1
97,84 528
99,90
-0,54
-1 ,03
-0,71
-0,88
-0,51
+1,65
'OOD SDD
u so
VEBBNK 5 'J/8 OZ/1'J/17
VEBBNK 4.2Z411/Z1/18
VEBBNK 'J.O'J 5 OZ/Z1/18
5,38 13.01.2017 16 2
<1, 2 2
3,04
104,50 253
9 2 ,70 468
92,94
-1,34
-0,98
-2,44
-2,0 2
•1,04
+0,25
7SD u so
VEBBNK 6.90Z07/09/20
VEBBNK 6.0Z5 07/05/22
VEBBNK 5.94Z 11/Z1/2'J
6,90 09. 07.2020 127
6,03
5,9<1
104,50 411
95,00 469
89,63
-2,58
-5,78
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+4,28
-1,10
1600
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u so
VEBBNK 4.0'!. ZOZ/Z1/2'J
VEBBNK 6.8 11/ZZ/Z5
<1,03 21.01.202 3 UD
6,80 79
87,7<1
96,35
-1,96
-3,16
-4,6 0
-0,66
•2,51
5DD EUR
USO
VEBBNK5 1/805/Z7/16
GiPBRU 61/41Z/15/14
GPBRU 61/2 09/2'!./15
GiPBRU 'J 'J/8 08/05/15
GPBRU 7.'!.5 05/08/16
GiPBRU 4 02/24/16
GiPBRU 7 7/8 07/25/16
GPBKSW Z 'J/8 1Z/09/16
GiPBRU 4 1/4 01/'J0/17
GiPBRU 5 5/805/17/17
GPBRU 5 'J/411/21/18
GiPBRU '!..98410/'J0/18
GiPBRU 71/405/0'J/19
GPBRU 4.9609/05/19
GiPBRU 61/207/17/ZO GiPBRU 7.496 1Z/'l'i'./2'!. GPBRU 5 1/8 05/H/Z4
FCFIN 81/211/15/19
C RBKMO 8 1 /4 08/05/14
CRBKM 07.7 OZ/01/18
C RBKM 08.7 11/H/18
MBRDRU 7.9'!. O'J/10/16
NM05RM 8 'J/410/21/15
NMOSRM 7 1/404/25 /18
NMOSRM 1004/26/19
NM05RM 10 1Z/17/19
PROMBK 12 'J/4 05/27/15
PROMBK 111/4 07/08/16
PROMBK 8 1/2 04/25/17
PROMBK 12 1/2 01/'!.1/18
PROMBK 10.2 11/06/19
RENSEC 11 04/Z1/16
5,13 2 7.05.2016
6,25 15.12.201<1
6,50
3,38 05.08.2015
7 ,35
<1,00 2<1.0 2.2 016
7 ,88 25. 07.2016
2 ,38
4,25 30.01.2017
5,63 17.05.2017
5,75
3,98 30.10.2 018
7 ,25 03. 05.2019
4,9 6
6,50 17.0 7.2020
7 ,50 2 8.12.202 3
5,13
8,50 15.11.2 019
8,25 05. 08.201<1
7,70
8,70 13.11.2018
7 ,93 10.03.2016
8,75
7,25 2 5.0<1.201 8
10,00 26. 0<1.2019
10,00
12 ,7 5 2 7.0 5.2015
11,2 5 08.0 7.2016
8,50
12,50 31.01.2 018
10,20 06. 11.2019
11,00
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51
52
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6,52
11,75
5,45
6,61
6,04
7 ,11
5,52
6,99
6,08
7,60
8,26
6,87
8,1<1
8,39
11,23
6,DS
8,17
10,6 2
10,69
3,3D
7 ,88
8,38
10,6<1
10,30
3,04
3,4 7
1,07
3,18
3,69
4,13
0,70
1 ,7 0
2 ,35
4,00
1,48
99,90
101,2 5
102,2 5
9 7,61
104,13
96,<19
94,09
93,59
94,8 2
98,96
95,13
94,<13
101,00
95,25
94,88
9 7 ,2 5
93,18
101,50
97,99
91,70
102,90
9 7,15
97,75
97,25
106,75
105,65
100,2 5
98,25
101,00
BD
4B
34 3
ns
SD3
558
su
537
s n
673
667
974
682
904
3D3
725
895
975
-0,61
-0,68
•0,16
-0,05
-0,6 2
-1,16
-O,D5
-1,00
-0,78
-0,78
-1,19
-1,D
-1,45
+0,06
-1,76
-0,38
+0,07
•0,25
-0,23
-0,83
-0,2 8
+0,06
-0,8 2
-1,87
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-1,00
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-1,30
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+0,63
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+0,91
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-0,22
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+0,83
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-2 ,65
+1,58
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•1,48
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+0,02
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-2,<15
-3,67
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-2,45
-2 ,80
-3,84
-5,2 7
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4DD
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'OOD
15 000
"D
20 000
2DD
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'OOD
'OOD
5DD
75D
4DD
7SD
25D
1DD
5DD
6D
5DD
3DD
1DD
lDD
>DD
&DD
325
u so u so
RUB USO
RUB
CHF CNY
u so
EUR
u so
u so u so
u so u so
u so u so
u so u so
u so u so
u so u so
RCCF 7 'J/405/'!.1/16
RCCF H1 /2 06/21/18
RSHB 'J 1/808/17/15
RSHB 8 5/802/17/17
7,75 31.0 5.2016
13,50 21.06.2018
3,13
8,63 17.01 .2017
,,
347
,"..
13,19
16,05
5,61
1,62
2,98
0,9 5
91,75 126[)
92,90 1471
9 7 ,75 557
-0,3 2
-0,67
-0,27
-0,48
-1,03
-0,2 7
+0,26
35D
'SD
u so u so
RSHB '!..6 02/04/16
RSHBO 11/Z'J/ 16
RSHB87. O'J/17/16
3,60 04 .0 2.2 016
9,90 23. 11.2016
8,70
7,33
BD
12,35
12,7<1
1 ,39
1,41
2,2<1
95,05 42 3
95,50
92,3[) 222
-0,30
-0,61
-0,6 2
-0,91
-0,37 'OOD
20 000
+0,31 32 000
+0,33
RUB
RUB RUB
RSHB 6.Z99 05/15/17
R5HB S .Z98 1Z/27/17
RSHB 7 'J/405/29/18
RSHB 5.107/25/18
RSHB 7 7/802/07/18
RSHB 606/0'J/Z1
RSHB 8 1/Z 10/16/Z'J
5BERRU 'J 1/211/1Z/14
SBERRU 5.49907/07/15
SBERRU'!..109/14/1S
5BERRU 7 01/'J 1/16
SBERRU 5.4 O'J/24/17
5BERRU Z.065 OZ/Z8/17
5BERRU 4.95 OZ/07/17
SBERRU 7.4 O'J/04/18
6,30 15.05.2017
5,30
7,7 5 2 9.05.201 8
5,10
7,88
6,00 03.06.2021
8,50
3,50
5,50 07.0 7.2 015
3,10
7,00
5,40 24.03.2017
2,07
4,9 5
7,4 0 04 .03.2 018
6,07
6,40
6,19
6,75
13,30
9D 9,64
4 2 9,71
3,49
2,47
4,24
10,8 6
l D 4,51
4,73
4,34
2,4 8
3,DS
3,27
3,55
3,02
1,66
6,20
0,19
0,83
1,00
1,35
2 ,37
2 ,4 3
2 ,31
100,55
96,75
105,13 482
94,4 3 531
86,47
94,25 897
92,75
99,98
102,50 218
98,87
95,42
102,13 355
93,8 7 468
101,38
-1,7 3
-0,4 1
-6,08
+0,17
-0,50
-0,3 7
-1,63
+1,<14
-1,58
-1,05
-2,80
-0,6 2
-1 ,35
-3,8 9
+0,18
-0,75
-1,00
-0,9<1
-2 ,7 2
+1,63
+0,79
-0,03
-1,98
-0,33
-1,2 9
-2,88
+0,63
-0,21
-0,52
-0,11
+0,61
•0,26
+1,63
12 50
1300
'OOD
BDD
SDD
1500
41D
125[)
25D
u so
u so u so u so u so
SBERRU 5 1/8 10/29/2Z
AKBHC 10 'J/4 09/18/1S
5,13
10,75
55
'"
5,9 6
0,9 7
104,75
01.09.2014 Source: B/oomberg 3
INVESTMENT COMPANY IC RUSS-INVEST
Fixed income daily
Bl B• BB• BB•
Bo3
Ba3
Ba3
Bl
Bo3
Ba3
Ba3
Bo3
Ba3
Ba3
Ba3
Ba3
Bo3
Ba3
B"a"2
Baa3
Baa3
Bol
Ba3
Bl
Bl
BB BB BB•
BB
BB BB
BB
BB BB BB BB
BB
B.B.
B • B..•
B• CCC+
BB BBB BBB-
BB• BB• BBB
BBB
BB•
BBB BBB BBB
BBB
BBB BBB BBB BBB BB• BB• BB• BB• BB•
BB•
..
B•
BBB-
01.09.2014
Source: B/oomberg 4
INVESTMENT COMPANY IC RUSS-INVESTFixed income daily
Disclaimer. This report was prepared and provided for information purposes only under the condition it will not form the sole basis for any investment decision. It does not constitute an offer and should not be considered as an offer, or solicitation of an offer, to buy or sell any securities. The information and opinions contained in this report have been received from sources believed to be reliable. While every reasonable effort has been made to obtain accurate information and verify it, IC RUSS-INVEST or its affiliates makes no warranty, express or implied, as to the accuracy, completeness or correctness of the information and opinions contained herein. All such information, opinions and forecasts are subjected to further change without notice. The forward-looking statements in this report are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. Neither we nor any of our respective agents, employees or advisors intend or have any duty or obligation to supply, amend, update or revise any of the forward-looking statements contained in this report. IC RUSS-INVEST, its directors and employees may have a position in any of the securities mentioned in this report.
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