Eurobonds Weekly

Eurobonds Weekly
January 13, 2015
УНИВЕР
капитал
Eurobonds Market Outlook
STRATEGY
World Market
Oil market prices fall remains the main news maker nowadays. This week the oil market
prices continue to drop coming close to its six-year lows following the UAE oil minister
Suhail Mogammed Faraj Al Mazroui statement that OPEC would stand firm on its decision
to keep output unchanged. He also said that the oil producers outside OPEC group need
to be rational and adjust their output according to the market, claiming that the U.S. tight
oil production increase is the main reason for world oil prices drop. This statement sent oil
prices further downward shaking the financial markets and currencies across the world.
On Tuesday January 13th, Brent crude for February delivery fell to the level of 45.85 $/bbl
on London’s ICE exchange as well as WTI dropped to the level of 44.64 $/bbl ignoring
strong data on Chinese oil import increase for December last year by 13% YoY. Today’s
daily surplus of oil supply has increased to almost 2 MMbbl/d from previously estimated 1
MMbbl/d back in November last year. In addition, the oil market has been moved down
also by market participant negative sentiments.
Despite the low oil prices negative impact to the tight oil producers in the U.S. the 10-year
government bond yields fell to a two-year low of 1.51%.
In Europe the equity market get support from European Central Bank’s intention to launch
a program of large-scale asset purchases. Oil prices drop also contributed to non-oil
sectors of developed countries world-wide.
The Bank of Japan remains a major buyer of Japanese government bonds spending 8 to
12 tn yean a month in attempt to flood local markets with cash trying to defeat a decade
long deflation. It drives the JGB’s yields to its record low. In fact, the 10-year JGB yield
has fallen to the level of 0.415%.
34
70
65
29
60
24
55
19
50
45
14
40
9
35
4
02.2014
30
04.2014
06.2014
On January 9th, rating agency Fitch has downgraded Russia’s credit rating by one notch
to the BBB- putting the rate on negative watch. Russia is also currently rated BBB- by S&P
but still remains in the investment grade category at least for now. Russian economy
would get a more significant impact if S&P downgraded Russia’s credit rate later in
January to “junk” level. All three major agencies has also put a number of Russian
corporates on negative watch.
© 2014 ООО «УНИВЕР Капитал»
08.2014
10.2014
12.2014
USDRUB Curncy
MOSKON Index
RUONIA Index
RSFXSB1W Index
RUBSYL1W Index
RURPONRR Index
Oil and Gold Historical Price
120
1400
110
1350
100
1300
90
80
1250
70
1200
60
1150
50
40
01.2014
1100
04.2014
07.2014
10.2014
Bre nt, USD
Russian Market
This week oil producing countries continue to suffer from sharp oil prices fall. Russian
economy is one of the most affected countries by this move. Russian ruble is very
sensitive to oil prices and continues to depreciate against the major world currencies. The
ruble has reached the level of 66.4385 per USD by 5 p.m. on Tuesday this week. The oil
fallout has shaken up all sectors of the Russian financial market.
Context
Money Market Rates
01.2015
Gol d, USD (r.s.)
Russian and US Indexes
2200
2000
1800
1600
1400
1200
1000
1
Tables
1.1. Russian Sov ereign
1.2. Financial Institutions
1.3. Oil & Gas
1.4. Metals & Mining
1.5. Energy
1.6. Div ersified Chemicals
1.7. Construction
1.8. Telecom & Media
1.9. Transport
1.10. Ukraine
1.11. Kazakhstan
1.12. Azerbaijan
1.13. CIS
2 Charts
2.1. Russian Sov ereign
2.2. Financial Institutions
2.3. Oil & Gas
2.4. Div ersified Chemicals
2.5. Metals & Mining
2.6. Energy
2.7. Construction
2.8. Telecom & Media
2.9. Transport
2.10. Ukraine
2.11. Kazakhstan
2.12. Azerbaijan
2.13. CIS
2.14. Watch List YTM Comparison
2.15. Watch List Price & Z-speads
Page #
2
2
6
8
9
9
9
9
10
10
10
13
13
14
14
16
17
17
17
18
18
18
19
20
21
21
22
23
800
600
01.2014
04.2014
MICEX
1
07.2014
10.2014
RTS
01.2015
S&P 5 00
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
90D
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
STRATEGY
Russian Sovereign Eurobonds
CITY OF MOSCOW
MOSCOW 5.064 10/20/16
97.28 +1.60 %
96.01
98.55
6.74
1.71
Sr Unsecured
N
17.62
EUR
BBB-/BBB/Baa2
1.21
20.10.2015
20.10.2006
-
-
RUSSIA-EUROBOND
RUSSIA 3 5/8 04/29/15
100.11 +0.43 %
99.86
100.36
3.21
0.29
Sr Unsecured
N
1.84
USD
BBB-/BBB-/Baa2
0.77
29.04.2015
29.04.2010
-
-
RUSSIA-EUROBOND
RUSSIA 3 1/4 04/04/17
93.78 +0.04 %
93.38
94.17
6.29
2.14
Sr Unsecured
N
6.04
USD
BBB-/BBB-/Baa2
0.91
04.04.2015
04.04.2012
-
-
RUSSIA-EUROBOND
RUSSIA 11 07/24/18
111.63 -0.65 %
111.02
112.25
7.20
2.91
Sr Unsecured
N
8.10
USD
BBB-/BBB-/Baa2
5.23
24.01.2015
24.07.1998
-
-
RUSSIA-EUROBOND
RUSSIA 7.85 03/10/18
93.00 +0.00 %
93.00
93.00
10.51
2.76
Sr Unsecured
N
3.20
RUB
BBB/BBB-/Baa2
2.73
10.03.2015
10.03.2011
-
-
RUSSIA-EUROBOND
RUSSIA 3 1/2 01/16/19
87.48 -0.30 %
87.00
87.96
7.15
3.68
Sr Unsecured
N
9.35
USD
BBB-/BBB-/Baa2
1.74
16.01.2015
16.09.2013
-
-
RUSSIA-EUROBOND
RUSSIA 5 04/29/20
89.40 +0.23 %
88.92
89.88
7.46
4.62
Sr Unsecured
N
13.20
USD
BBB-/BBB-/Baa2
1.06
29.04.2015
29.04.2010
-
-
RUSSIA-EUROBOND
RUSSIA 3 5/8 09/16/20
87.97 -0.21 %
87.32
88.63
6.20
5.13
Sr Unsecured
N
12.55
EUR
BBB-/BBB-/Baa2
1.20
16.09.2015
16.09.2013
-
-
RUSSIA-EUROBOND
RUSSIA 4 1/2 04/04/22
84.17 +0.06 %
83.65
84.68
7.37
6.05
Sr Unsecured
N
16.34
USD
BBB-/BBB-/Baa2
1.26
04.04.2015
04.04.2012
-
-
RUSSIA-EUROBOND
RUSSIA 4 7/8 09/16/23
84.40 -0.22 %
83.86
84.95
7.34
6.88
Sr Unsecured
N
16.87
USD
BBB-/BBB-/Baa2
1.61
16.03.2015
16.09.2013
-
-
RUSSIA-EUROBOND
RUSSIA 12 3/4 06/24/28
138.56 +1.60 %
137.65
139.48
8.01
7.69
Sr Unsecured
N
17.59
USD
BBB-/BBB-/Baa2
0.74
24.06.2015
24.06.1998
-
-
RUSSIA-EUROBOND
RUSSIA 7 1/2 03/31/30
99.68 -0.14 %
99.50
99.87
7.57
4.13
Sr Unsecured
Y
12.73
USD
BBB-/BBB-/Baa2
2.19
31.03.2015
25.08.2000
-
-
RUSSIA-EUROBOND
RUSSIA 5 5/8 04/04/42
80.91 +4.48 %
80.37
81.45
7.24
12.60
Sr Unsecured
N
28.94
USD
BBB-/BBB-/Baa2
1.58
04.04.2015
04.04.2012
-
-
RUSSIA-EUROBOND
RUSSIA 5 7/8 09/16/43
83.81 +5.13 %
83.13
84.49
7.22
12.65
Sr Unsecured
N
29.64
USD
BBB-/BBB-/Baa2
1.94
16.03.2015
16.09.2013
-
-
AHML FINANCE
AIZK 7 3/4 02/13/18
66.86 +7.86 %
64.51
69.22
24.82
2.60
Unsecured
N
64.61
RUB
BBB-/-/Baa2
3.27
13.02.2015
13.02.2013
-
-
AK BARS BANK
AKBARS 8 3/4 11/19/15
94.99 -1.81 %
90.00
99.98
15.25
0.82
Sr Unsecured
N
11.07
USD
-/BB-/B1
1.36
19.05.2015
19.11.2012
-
-
ABH FINANCIAL
ABHFIN 5 1/2 06/10/17
88.35 -1.82 %
86.86
89.85
11.27
2.23
Sr Unsecured
N
8.88
EUR
BB-/BB+/-
3.30
10.06.2015
10.06.2014
-
-
ABH FINANCIAL
ABHFIN 4 01/16/18
82.94 -0.30 %
82.00
83.88
10.97
2.74
Sr Unsecured
N
58.16
CHF
BB-/BB+/-
3.99
16.01.2015
06.12.2013
-
-
AK BARS BANK
AKBARS 8 07/13/22
47.31 -6.08 %
46.50
48.13
23.11
4.85
Subordinated
N
71.80
USD
-/B/-
0.04
13.07.2015
13.07.2012
-
-
ALFA BANK
ALFARU 8 5/8 04/26/16
85.94 +0.29 %
84.63
87.25
22.92
1.21
Sr Unsecured
N
8.82
RUB
BB+/BBB-/Ba1
1.89
26.04.2015
26.04.2013
-
-
ALFA BANK
ALFARU 7 7/8 09/25/17
94.65 +3.28 %
94.13
95.16
10.19
2.41
Sr Unsecured
N
18.70
USD
BB+/BBB-/Ba1
2.41
25.03.2015
24.09.2010
-
-
ALFA BANK
ALFARU 6.3 02/22/17
86.53 -0.60 %
85.00
88.06
13.90
1.94
Subordinated
N
16.95
USD
BB-/BB+/Ba3
2.50
22.02.2015
22.02.2007
-
-
ALFA BANK
ALFARU 7 1/2 09/26/19
84.24 +2.18 %
83.16
85.32
11.98
3.87
Subordinated
N
24.37
USD
BB-/BB+/Ba3
2.27
26.03.2015
26.09.2012
-
-
ALFA BANK
ALFARU 7 3/4 04/28/21
85.24 -3.68 %
84.64
85.84
11.07
4.89
Sr Unsecured
N
34.58
USD
BB+/BBB-/Ba1
1.66
28.04.2015
28.04.2011
-
-
ALFA MTN ISS
ALFARU 8 03/18/15
100.02 +0.52 %
99.79
100.25
7.69
0.18
Sr Unsecured
N
3.10
USD
BB+/BBB-/Ba1
2.60
18.03.2015
18.03.2010
-
-
BANK OF MOSCOW
BKMOSC 6.699 03/11/15
99.51 -0.00 %
99.01
100.00
9.69
0.16
Sr Unsecured
N
2.31
USD
-/WD/Ba1
2.31
11.03.2015
11.03.2010
-
-
BANK OF MOSCOW
BKMOSC 5.967 11/25/15
94.00 -1.30 %
92.00
95.99
13.56
0.85
Subordinated
N
6.85
USD
-/WD/Ba3
0.83
25.05.2015
25.11.2005
-
-
Financial Institutions
© 2014 ООО «УНИВЕР Капитал»
2
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
BANK OF MOSCOW
BKMOSC 6.02 05/10/17
82.02 +1.88 %
80.02
84.03
15.53
2.16
Subordinated
N
22.90
USD
-/WD/Ba3
1.09
10.05.2015
10.05.2007
-
-
BANK OTKRITIE
NMOSRM 10 04/26/19
67.07 -0.67 %
65.07
69.08
22.31
3.30
Subordinated
N
58.14
USD
-/WD/B1
2.19
26.04.2015
26.04.2012
-
-
BANK ST PETERSBU
STPETE 7.63 07/25/17
80.69 +0.00 %
79.88
81.50
17.39
2.22
Subordinated
N
14.70
USD
-/WD/B1
3.60
25.01.2015
25.07.2007
-
-
BANK ST PETERSBU
STPETE 11 10/24/18
69.56 +1.00 %
67.50
71.63
23.59
2.96
Subordinated
N
35.17
USD
-/WD/B1
2.48
24.04.2015
24.10.2012
-
-
BANK ST PETERSBU
STPETE 10 3/4 04/22/19
66.63 -0.47 %
64.75
68.50
23.53
3.23
Subordinated
N
39.01
USD
-/B+/-
2.48
22.04.2015
22.10.2013
-
-
BKHMRU-CALL6/13
BKHMRU 11 06/20/18
Subordinated
N
USD
NR/-/-
0.00
#N/A Field Not20.12.2007
Applicable
-
-
BRUNSWICK RAIL
RBNRL 6 1/2 11/01/17
42.50 -0.03 %
40.02
44.98
44.28
2.40
Sr Unsecured
N
53.09
USD
B+/-/B3
1.34
01.05.2015
01.11.2012
-
-
CB RENCAP
RCCF 7 3/4 05/31/16
62.01 #ЗНАЧ!
59.00
65.02
48.71
1.30
Sr Unsecured
N
43.64
USD
B/WD/B3
0.97
31.05.2015
31.05.2013
-
-
CB RENCAP
RCCF 13 1/2 06/21/18
49.50 #ЗНАЧ!
49.50
49.50
42.84
2.54
Subordinated
N
USD
-/WD/Caa1
0.90
21.06.2015
21.12.2012
-
-
CB RENCAP
RCCF 13 1/2 05/22/19
56.13 +1.81 %
54.88
57.38
33.21
2.98
Jr Subordinated
N
USD
-/-/NR
1.99
22.05.2015
22.11.2013
-
-
CEB CAPITAL SA
FCFIN 8 1/2 11/15/19
90.00 +0.00 %
90.00
90.00
11.23
3.96
Subordinated
N
USD
-/B+/B1
1.42
15.05.2015
15.11.2012
-
-
CREDIT BANK OF M
CRBKMO 7.7 02/01/18
78.60 +1.67 %
77.00
80.20
16.99
2.61
Sr Unsecured
N
52.58
USD
BB-/BB/B1
3.51
01.02.2015
01.02.2013
-
-
CREDIT BANK OF M
CRBKMO 8.7 11/13/18
67.52 #ЗНАЧ!
65.01
70.03
21.57
3.15
Subordinated
N
71.51
USD
-/BB-/NR
1.50
13.05.2015
13.05.2013
-
-
FCFIN-REPURCH
FCFIN 11 1/2 06/29/49
Jr Subordinated
N
USD
-/-/-
4.41
#N/A Field Not30.06.2010
Applicable
-
-
EURASIAN DEV
EURDEV 8 10/05/17
77.41 -0.82 %
75.77
79.05
18.98
2.40
Sr Unsecured
N
RUB
BBB/WD/A3
2.22
05.04.2015
05.10.2012
-
-
EURASIAN DEV
EURDEV 5 09/26/20
89.20 #ЗНАЧ!
89.20
89.20
7.35
4.90
Sr Unsecured
N
USD
BBB/-/A3
1.51
26.03.2015
26.09.2013
-
-
EURASIAN DEV
EURDEV 4.767 09/20/22
85.50 #ЗНАЧ!
85.50
85.50
7.26
6.30
Sr Unsecured
N
USD
BBB/WD/A3
1.52
20.03.2015
20.09.2012
-
-
EURO BK RECON&DV
EBRD 0 11/14/16
Sr Unsecured
N
RUB
-/AAA/NR
1.85
17.02.2015
14.11.2013
-
-
GAZPROMBANK
GPBRU 6 1/2 09/23/15
98.50 +0.49 %
98.01
98.98
8.77
0.67
Sr Unsecured
N
3.27
USD
BBB-/BBB-/Ba1
2.02
23.03.2015
23.09.2005
-
-
GAZPROMBANK
GPBRU 3 3/8 08/05/15
95.54 +0.39 %
94.42
96.66
12.06
0.56
Sr Unsecured
N
16.84
CHF
BBB-/BBB-/Ba1
1.50
05.08.2015
30.07.2012
-
-
GAZPROMBANK
GPBRU 8.617 12/15/15
89.50 -0.07 %
88.00
91.00
23.02
0.89
Sr Unsecured
N
11.79
RUB
-/BBB-/Ba1
0.72
15.06.2015
25.09.2012
-
-
GAZPROMBANK
GPBRU 7.35 05/08/16
94.00 #ЗНАЧ!
92.97
95.04
12.50
1.24
Sr Unsecured
N
8.36
USD
-/BBB-/Ba1
5.04
08.05.2015
08.05.2009
-
-
GAZPROMBANK
GPBRU 7 7/8 07/25/16
82.19 -0.98 %
80.87
83.51
23.49
1.40
Sr Unsecured
N
11.93
RUB
BBB-/BBB-/Ba1
3.72
25.01.2015
24.01.2013
-
-
GAZPROMBANK
GPBRU 5 5/8 05/17/17
86.27 +2.06 %
85.25
87.29
12.57
2.19
Sr Unsecured
N
11.90
USD
BBB-/BBB-/Ba1
0.91
17.05.2015
17.05.2012
-
-
GAZPROMBANK
GPBRU 4 1/4 01/30/17
83.44 #ЗНАЧ!
81.45
85.44
13.82
1.93
Sr Unsecured
N
6.77
CNY
BBB-/BBB-/Ba1
1.97
30.01.2015
30.01.2014
-
-
GAZPROMBANK
GPBRU 3.984 10/30/18
75.79 -3.62 %
74.86
76.72
12.35
3.52
Sr Unsecured
N
38.38
EUR
BBB-/BBB-/Ba1
0.84
30.10.2015
30.10.2013
-
-
GAZPROMBANK
GPBRU 4.96 09/05/19
74.39 +1.07 %
74.03
74.75
12.38
4.02
Sr Unsecured
N
38.76
USD
BBB-/BBB-/-
1.79
05.03.2015
05.03.2014
-
-
GAZPROMBANK
GPBRU 7 1/4 05/03/19
75.52 -1.64 %
73.25
77.79
15.20
3.61
Subordinated
N
48.82
USD
BB+/BB+/B1
1.45
03.05.2015
04.05.2012
-
-
GAZPROMBANK
GPBRU 4 07/01/19
75.18 -0.03 %
73.77
76.58
11.39
4.01
Sr Unsecured
N
33.62
EUR
BBB-/BBB-/Ba1
2.17
01.07.2015
01.07.2014
-
-
GAZPROMBANK
GPBRU 7.496 12/28/23
67.61 -3.50 %
64.41
70.80
19.66
3.36
Subordinated
N
60.40
USD
-/BB-/NR
0.35
28.06.2015
30.09.2013
28.12.2018
-
GAZPROMBANK
GPBRU 5 1/8 05/13/24
69.12 +2.01 %
67.75
70.49
15.39
3.74
Subordinated
N
64.18
CHF
-/BB-/-
3.45
13.05.2015
13.02.2014
13.05.2019
-
GAZPROMBANK
GPBRU 7 7/8 04/29/49
67.62 -2.07 %
65.08
70.17
22.29
2.80
Subordinated
N
51.89
USD
-/-/NR
1.75
25.04.2015
25.10.2012
25.04.2018
-
GPB EUROBOND
GPBRU 4 02/24/16
Sr Unsecured
N
6.24
CNY
BBB-/BBB-/Ba1
1.56
24.02.2015
19.02.2013
-
-
© 2014 ООО «УНИВЕР Капитал»
-
-
-
-
#ЗНАЧ!
#ЗНАЧ!
#ЗНАЧ!
#ЗНАЧ!
-
-
-
-
-
-
-
-
3
-
60.32
-
29.78
39.86
-
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
HCFB LLC
HCFBRU 9 3/8 04/24/20
69.43 +0.11 %
67.00
71.86
23.17
2.73
Subordinated
N
29.67
USD
-/B+/B2
2.11
24.04.2015
24.10.2012
24.04.2018
-
HCFB LLC
HCFBRU 10 1/2 04/19/21
69.77 #ЗНАЧ!
69.32
70.23
18.92
4.25
Subordinated
N
43.59
USD
-/B+/NR
2.57
17.04.2015
17.10.2013
17.04.2019
-
IND & CON BANK
VTB 5.01 09/29/15
94.50 +2.71 %
91.99
97.00
13.42
0.69
Subordinated
N
9.96
USD
-/WD/Ba2
1.48
30.03.2015
29.09.2005
-
-
MOSCOW BK R&D
MBRDRU 7.93 03/10/16
79.56 +0.32 %
76.88
82.25
30.15
1.09
Subordinated
N
-
USD
-/-/B3
2.75
10.03.2015
10.03.2006
12.02.2015
-
NOMOS BANK
NMOSRM 8 3/4 10/21/15
92.01 #ЗНАЧ!
92.01
92.01
20.46
0.74
Subordinated
N
-
USD
-/WD/B1
2.04
21.04.2015
21.04.2010
-
-
NOMOS BANK
NMOSRM 7 1/4 04/25/18
74.94 +0.00 %
74.06
75.82
17.63
2.86
Sr Unsecured
N
51.40
USD
-/WD/Ba3
1.61
25.04.2015
25.04.2013
-
-
NOMOS BANK
NMOSRM 10 12/17/19
66.94 +0.47 %
65.00
68.88
21.11
3.73
Subordinated
N
40.49
USD
-/WD/B1
0.78
17.06.2015
06.06.2013
-
-
OJSC RUSS AGRIC
RSHB 3 1/8 08/17/15
93.12 +1.21 %
91.79
94.45
15.69
0.59
Sr Unsecured
N
11.77
CHF
-/BBB-/Ba1
1.28
17.08.2015
17.08.2012
-
-
OJSC RUSS AGRIC
RSHB 3.6 02/04/16
89.61 -2.13 %
87.88
91.35
14.60
1.02
Sr Unsecured
N
7.03
CNY
-/BBB-/Ba1
1.63
04.02.2015
04.02.2013
-
-
OJSC RUSS AGRIC
RSHB 0 11/23/16
Sr Unsecured
N
RUB
-/BBB-/Ba1
1.41
26.05.2015
23.11.2011
-
-
OJSC RUSS AGRIC
RSHB 8.7 03/17/16
84.45 #ЗНАЧ!
82.99
85.92
26.24
1.10
Sr Unsecured
N
9.87
RUB
-/BBB-/Ba1
2.85
17.03.2015
17.03.2011
-
-
OJSC RUSS AGRIC
RSHB 5.298 12/27/17
82.94 -0.75 %
81.90
83.99
12.37
2.74
Sr Unsecured
N
19.10
USD
-/BBB-/Ba1
0.26
27.06.2015
27.06.2012
-
-
OJSC RUSS AGRIC
RSHB 6.299 05/15/17
87.08 -1.03 %
86.18
87.98
12.87
2.17
Sr Unsecured
N
14.87
USD
-/BBB-/Ba1
1.05
15.05.2015
14.05.2007
-
-
OJSC RUSS AGRIC
RSHB 8 5/8 02/17/17
76.81 #ЗНАЧ!
75.36
78.26
24.58
1.85
Sr Unsecured
N
21.68
RUB
-/BBB-/Ba1
3.54
17.02.2015
17.02.2012
-
-
OJSC RUSS AGRIC
RSHB 5.1 07/25/18
80.90 -0.91 %
79.65
82.15
11.88
3.15
Sr Unsecured
N
23.16
USD
-/BBB-/Ba1
2.41
25.01.2015
25.07.2013
-
-
OJSC RUSS AGRIC
RSHB 7 3/4 05/29/18
87.15 +0.03 %
86.20
88.10
12.53
2.97
Sr Unsecured
N
22.01
USD
-/BBB-/Ba1
0.99
29.05.2015
29.05.2008
-
-
OJSC RUSS AGRIC
RSHB 7 7/8 02/07/18
71.19 -1.04 %
69.75
72.63
22.23
2.59
Sr Unsecured
N
27.11
RUB
-/BBB-/Ba1
3.46
07.02.2015
07.02.2013
-
-
OJSC RUSS AGRIC
RSHB 6 06/03/21
64.51 +2.37 %
62.00
67.01
42.44
1.33
Subordinated
N
31.87
USD
-/BB+/B1
0.70
03.06.2015
03.06.2011
03.06.2016
-
OJSC RUSS AGRIC
RSHB 8 1/2 10/16/23
65.80 +2.87 %
64.49
67.11
15.85
5.54
Subordinated
N
50.11
USD
-/-/NR
2.10
16.04.2015
16.10.2013
-
-
ORIENT EXPR BNK
VOSEXP 12 05/29/19
88.88 -0.49 %
88.38
89.38
15.59
3.41
Subordinated
N
10.18
USD
-/-/NR
1.53
29.05.2015
29.11.2013
-
-
PROBUSINESSBANK
PROBUS 11 3/4 05/10/16
80.00 #ЗНАЧ!
80.00
80.00
31.30
1.23
Secured
N
51.16
USD
-/WD/-
2.12
10.05.2015
10.11.2010
-
-
PROMSVYAZBK
PROMBK 12 3/4 05/27/15
96.50 +3.20 %
95.01
98.00
22.70
0.37
Subordinated
N
17.31
USD
NR/WD/B1
1.70
27.05.2015
27.11.2009
-
-
PROMSVYAZBK
PROMBK 11 1/4 07/08/16
85.50 #ЗНАЧ!
85.00
86.00
23.38
1.40
Subordinated
N
38.46
USD
-/WD/B1
0.22
08.07.2015
08.07.2010
-
-
PROMSVYAZBK
PROMBK 8 1/2 04/25/17
87.51 #ЗНАЧ!
85.01
90.01
15.17
2.07
Sr Unsecured
N
21.94
USD
-/WD/Ba3
1.89
25.04.2015
25.04.2012
-
-
PROMSVYAZBK
PROMBK 10.2 11/06/19
70.99 -2.14 %
66.99
75.00
19.81
3.63
Subordinated
N
41.31
USD
-/WD/B1
1.96
06.05.2015
06.11.2012
-
-
PROMSVYAZBK
PROMBK 10 1/2 07/30/21
57.50 +2.22 %
56.13
58.88
23.54
3.96
Sr Subordinated
N
55.65
USD
-/WD/-
4.81
30.01.2015
30.07.2014
-
-
PROMSVYAZBK
PROMBK 12 1/2 12/24/49
75.81 -5.31 %
74.75
76.88
16.50
6.26
Sr Unsecured
N
-
USD
-/-/-
3.85
24.03.2015
24.09.2014
24.03.2020
-
RENAISSANCE SEC
RENSEC 11 04/21/16
76.38 #ЗНАЧ!
76.38
76.38
35.65
1.18
Sr Unsecured
N
-
USD
B/B/B3
2.57
21.04.2015
21.04.2011
-
-
RUSSIAN STAND BK
RUSB 8 02/14/15
94.23 -0.67 %
92.88
95.58
Sr Unsecured
N
-
CNY
B+/B/B2
3.38
14.02.2015
14.02.2013
-
-
RUSSIAN STAND BK
RUSB 7.73 12/16/15
70.01 +4.49 %
65.00
75.02
52.90
0.90
Subordinated
N
28.40
USD
B-/-/B3
0.62
16.06.2015
16.12.2005
-
-
RUSSIAN STAND BK
RUSB 7.561 12/01/16
47.51 #ЗНАЧ!
47.51
47.51
56.21
1.71
Subordinated
N
64.59
USD
B-/-/B3
0.92
01.06.2015
01.12.2006
-
-
RUSSIAN STAND BK
RUSB 9 1/4 07/11/17
87.50 +4.79 %
85.00
90.00
39.75
0.49
Sr Unsecured
N
22.21
USD
B+/B/B2
0.10
11.07.2015
11.07.2012
-
11.07.2015
RUSSIAN STAND BK
RUSB 10 3/4 04/10/18
45.01 +9.70 %
40.02
50.00
44.16
2.43
Subordinated
N
92.22
USD
B-/B-/B3
2.84
10.04.2015
10.10.2012
-
-
© 2014 ООО «УНИВЕР Капитал»
-
#ЗНАЧ!
-
-
4
-
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
RUSSIAN STAND BK
RUSB 11 1/2 01/17/24
40.00 #ЗНАЧ!
35.00
45.00
45.21
2.49
Subordinated
N
89.30
USD
-/B-/Caa1
5.69
17.01.2015
17.07.2013
17.01.2019
-
SBERBANK
SBERRU 5.499 07/07/15
99.52 +0.27 %
99.03
100.01
6.53
0.48
Sr Unsecured
N
2.55
USD
-/BBB/Baa2
0.12
07.07.2015
07.07.2010
-
-
SBERBANK
SBERRU 3.1 09/14/15
93.80 +0.27 %
93.44
94.17
13.11
0.66
Sr Unsecured
N
16.85
CHF
-/BBB/Baa2
1.04
14.09.2015
14.03.2012
-
-
SBERBANK
SBERRU 7 01/31/16
88.98 #ЗНАЧ!
87.00
90.96
20.07
0.99
Sr Unsecured
N
10.72
RUB
-/BBB/Baa2
3.21
31.01.2015
31.01.2013
-
-
SBERBANK
SBERRU 4.95 02/07/17
92.04 +0.23 %
91.26
92.83
9.28
1.94
Sr Unsecured
N
11.80
USD
-/BBB/Baa2
2.17
07.02.2015
07.02.2012
-
-
SBERBANK
SBERRU 5.4 03/24/17
92.21 +0.84 %
91.68
92.74
9.41
2.06
Sr Unsecured
N
11.08
USD
-/BBB/Baa2
1.67
24.03.2015
24.09.2010
-
-
SBERBANK
SBERRU 2.065 02/28/17
86.25 +1.05 %
84.34
88.17
9.51
2.06
Sr Unsecured
N
19.81
CHF
-/BBB/Baa2
1.81
28.02.2015
28.02.2013
-
-
SBERBANK
SBERRU 7.4 03/04/18
75.85 #ЗНАЧ!
73.78
77.91
17.76
2.71
Sr Unsecured
N
12.96
TRY
-/BBB/Baa2
2.69
04.03.2015
04.03.2013
-
-
SBERBANK
SBERRU 5.18 06/28/19
83.89 -0.41 %
83.06
84.71
9.72
3.98
Sr Unsecured
N
18.65
USD
-/BBB/Baa2
0.24
28.06.2015
28.06.2012
-
-
SBERBANK
SBERRU 3.3524 11/15/19
79.75 -1.50 %
78.75
80.75
8.65
4.47
Sr Unsecured
N
15.60
EUR
-/BBB/Baa2
0.56
15.11.2015
26.06.2014
-
-
SBERBANK
SBERRU 5.717 06/16/21
81.91 -0.92 %
81.16
82.66
9.55
5.31
Sr Unsecured
N
21.93
USD
-/BBB/Baa2
0.46
16.06.2015
16.06.2011
-
-
SBERBANK
SBERRU 6 1/8 02/07/22
83.06 -0.52 %
82.18
83.94
9.47
5.52
Sr Unsecured
N
26.03
USD
-/BBB/Baa2
2.69
07.02.2015
07.02.2012
-
-
SBERBANK
SBERRU 5 1/8 10/29/22
68.53 -0.57 %
67.85
69.22
11.30
6.10
Subordinated
N
42.96
USD
-/BBB-/Ba1
1.08
29.04.2015
29.10.2012
-
-
SBERBANK
SBERRU 5 1/4 05/23/23
63.33 -2.89 %
62.41
64.24
12.43
6.33
Subordinated
N
54.13
USD
-/BBB-/-
0.76
23.05.2015
23.05.2013
-
-
SBERBANK
SBERRU 5 1/2 02/26/24
63.58 -5.44 %
62.72
64.44
18.53
3.50
Subordinated
N
51.44
USD
-/BBB-/-
2.12
26.02.2015
26.02.2014
26.02.2019
-
SOVCOM FINANCE B
SOVCPF 12 1/2 04/25/18 -
Sr Unsecured
Y
USD
-/-/-
2.78
25.01.2015
25.04.2014
-
-
TATFONDBANK
TATFON 11 04/28/17
99.44 +0.06 %
98.88
100.00
11.72
0.76
Sr Unsecured
N
USD
B/-/B2
2.35
28.04.2015
28.04.2014
-
28.10.2015
TINKOFF CREDIT
AKBHC 14 06/06/18
70.00 #ЗНАЧ!
70.00
70.00
28.29
2.63
Subordinated
N
-
USD
-/B/B3
1.52
06.06.2015
06.12.2012
-
-
TKS BANK
AKBHC 10 3/4 09/18/15
98.66 #ЗНАЧ!
98.66
98.66
12.83
0.65
Sr Unsecured
N
-
USD
-/B+/B2
3.49
18.03.2015
18.09.2012
-
-
TRANSCAPITALBANK
TRACAP 7.74 07/18/17
90.00 #ЗНАЧ!
90.00
90.00
12.50
2.25
Subordinated
N
-
USD
-/-/B2
2.52
18.03.2015
18.07.2007
-
-
URAL BK REC&DEV
UBRIR 12 12/27/18
104.25 +0.66 %
103.88
104.63
10.65
3.26
Subordinated
N
9.82
USD
-/-/-
0.60
27.06.2015
27.06.2013
-
-
VEB (VEB-LEAS)
VEBBNK 5 1/8 05/27/16
91.01 +0.01 %
89.98
92.04
12.47
1.33
Sr Unsecured
N
8.80
USD
BBB-/BBB/-
0.68
27.05.2015
27.05.2011
-
-
VEB FINANCE PLC
VEBBNK 3 3/4 02/17/16
86.67 +0.35 %
86.25
87.09
18.31
1.05
Sr Unsecured
N
19.92
CHF
BBB-/BBB/NR
3.42
17.02.2015
17.02.2011
-
-
VEB FINANCE PLC
VEBBNK 5 3/8 02/13/17
87.54 -2.50 %
87.03
88.05
12.35
1.94
Sr Unsecured
N
10.36
USD
BBB-/BBB/-
2.27
13.02.2015
13.02.2012
-
-
VEB FINANCE PLC
VEBBNK 5.45 11/22/17
83.96 -1.43 %
82.77
85.15
12.28
2.64
Sr Unsecured
N
10.01
USD
BBB-/BBB/-
0.80
22.05.2015
22.11.2010
-
-
VEB FINANCE PLC
VEBBNK 4.224 11/21/18
72.44 -3.47 %
71.75
73.12
13.66
3.51
Sr Unsecured
N
26.50
USD
BBB-/BBB/-
0.63
21.05.2015
21.11.2013
-
-
VEB FINANCE PLC
VEBBNK 3.035 02/21/18
75.64 -4.29 %
75.08
76.19
13.08
2.89
Sr Unsecured
N
13.79
EUR
BBB-/BBB/-
2.73
21.02.2015
21.02.2013
-
-
VEB FINANCE PLC
VEBBNK 6.902 07/09/20
72.75 -5.16 %
72.21
73.28
14.23
4.48
Sr Unsecured
N
25.66
USD
BBB-/BBB/-
0.12
09.07.2015
09.07.2010
-
-
VEB FINANCE PLC
VEBBNK 6.025 07/05/22
68.88 -3.96 %
68.37
69.39
12.57
5.78
Sr Unsecured
N
29.64
USD
BBB-/BBB/-
0.17
05.07.2015
05.07.2012
-
-
VEB FINANCE PLC
VEBBNK 5.942 11/21/23
68.94 -5.00 %
68.44
69.45
11.66
6.48
Sr Unsecured
N
31.17
USD
BBB-/BBB/-
0.89
21.05.2015
21.11.2013
-
-
VEB FINANCE PLC
VEBBNK 4.032 02/21/23
67.22 -2.04 %
66.11
68.33
10.16
6.45
Sr Unsecured
N
25.26
EUR
BBB-/BBB/-
3.62
21.02.2015
21.02.2013
-
-
VEB FINANCE PLC
VEBBNK 6.8 11/22/25
71.06 -3.40 %
70.40
71.73
11.54
7.11
Sr Unsecured
N
35.69
USD
BBB-/BBB/-
1.00
22.05.2015
22.11.2010
-
-
VNESHPROMBANK
FEIBNK 9 11/14/16
92.00 #ЗНАЧ!
92.00
92.00
14.09
1.70
Sr Unsecured
N
USD
B+/-/B2
1.53
14.05.2015
14.11.2013
-
-
© 2014 ООО «УНИВЕР Капитал»
#ЗНАЧ!
-
-
5
2.60
-
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
90D
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
VOSTOCHNY EXPRES
VOSEXP 8.17 06/27/17
91.63 +0.76 %
89.38
93.88
12.22
2.25
Subordinated
N
10.37
USD
-/-/-
0.41
27.06.2015
27.06.2007
-
-
VTB BANK
VTB 6.465 03/04/15
99.76 +0.24 %
99.51
100.00
8.08
0.14
Sr Unsecured
N
4.36
USD
BBB-/WD/Baa3
2.35
04.03.2015
04.03.2010
-
-
VTB BANK
VTB 5 11/17/15
94.29 +1.03 %
93.20
95.39
12.53
0.84
Sr Unsecured
N
22.36
CHF
BBB-/WD/Baa3
0.81
17.11.2015
17.11.2011
-
-
VTB BANK
VTB 4 1/2 10/30/15
Sr Unsecured
N
7.46
CNY
BBB-/WD/Baa3
0.95
30.04.2015
30.10.2012
-
-
VTB BANK
VTB 4 07/20/15
92.75 +0.62 %
92.18
93.32
19.64
0.50
Sr Unsecured
N
7.33
SGD
BBB-/WD/Baa3
1.96
20.01.2015
20.07.2012
-
-
VTB BANK
VTB 3.15 12/16/16
81.38 +0.37 %
80.03
82.73
15.01
1.89
Sr Unsecured
N
24.70
CHF
-/WD/Baa3
0.25
16.12.2015
26.09.2012
-
-
VTB BANK
VTB 4 1/4 02/15/16
92.28 #ЗНАЧ!
90.68
93.87
12.26
1.04
Sr Unsecured
N
10.40
EUR
BBB-/WD/Baa3
3.89
15.02.2015
15.02.2006
-
-
VTB BANK
VTB 6 04/12/17
85.97 +1.54 %
85.17
86.76
13.45
2.09
Sr Unsecured
N
16.63
USD
-/WD/Baa3
1.55
12.04.2015
12.04.2012
-
-
VTB BANK
VTB 7 1/2 12/11/17
84.54 -2.64 %
84.08
85.01
14.36
2.68
Sr Unsecured
N
22.93
AUD
BBB-/WD/Baa3
0.72
11.12.2015
11.12.2012
-
-
VTB BANK
VTB 6.315 02/22/18
82.49 +1.71 %
81.34
83.63
13.39
2.76
Sr Unsecured
N
18.51
USD
BBB-/WD/Baa3
2.51
22.02.2015
22.02.2011
-
-
VTB BANK
VTB 6 7/8 05/29/18
82.53 +0.61 %
81.48
83.58
13.48
3.00
Sr Unsecured
N
17.18
USD
BBB-/WD/Baa3
0.90
28.05.2015
28.05.2008
-
-
VTB BANK
VTB 2.9 05/25/18
73.58 -0.55 %
72.04
75.13
13.10
3.16
Sr Unsecured
N
46.48
CHF
BBB-/-/Baa3
1.85
25.05.2015
25.11.2013
-
-
VTB BANK
VTB 6.551 10/13/20
74.46 -3.72 %
73.30
75.62
12.99
4.61
Sr Unsecured
N
27.13
USD
BBB-/WD/Baa3
1.67
13.04.2015
13.10.2010
-
-
VTB BANK
VTB 6.95 10/17/22
66.39 +1.54 %
65.36
67.42
14.24
5.55
Subordinated
N
63.56
USD
BB+/WD/Ba2
1.70
17.04.2015
17.10.2012
-
-
VTB BANK
VTB 5 10/24/24
68.02 +2.08 %
66.40
69.64
14.78
4.20
Subordinated
N
50.45
CHF
-/-/-
1.13
24.10.2015
24.07.2014
24.10.2019
-
VTB BANK
VTB 6 1/4 06/30/35
99.13 +0.13 %
98.00
100.26
8.20
0.46
Sr Unsecured
N
6.80
USD
BBB-/WD/Baa3
0.26
30.06.2015
30.06.2005
-
30.06.2015
VTB BANK
VTB 9 1/2 12/29/49
62.52 -1.83 %
60.07
64.97
18.78
5.00
Subordinated
N
51.70
USD
-/-/NR
1.03
06.06.2015
06.08.2012
06.12.2022
-
ALLIANCE OIL CO
VOSTOK 9 7/8 03/11/15
86.00 +1.18 %
84.00
88.01
Sr Unsecured
N
17.90
USD
NR/WD/-
3.40
11.03.2015
11.03.2010
-
-
ALLIANCE OIL CO
VOSTOK 7 05/04/20
42.50 -9.08 %
40.96
44.03
28.75
3.88
Sr Unsecured
N
26.63
USD
NR/WD/-
1.38
04.05.2015
03.05.2013
-
-
BORETS FIN
BORFIN 7 5/8 09/26/18
71.11 -1.64 %
70.09
72.12
18.80
3.10
Sr Unsecured
N
26.34
USD
BB/-/B1
2.31
26.03.2015
26.09.2013
-
-
EDC FINANCE LTD
EDCLLI 4 7/8 04/17/20
64.19 -2.63 %
63.29
65.08
14.95
4.45
Sr Unsecured
N
23.31
USD
BB+/BB/-
1.19
17.04.2015
17.04.2013
-
-
GAZPROM
GAZPRU 4.3 11/12/15
98.45 +1.23 %
97.95
98.95
6.25
0.81
Sr Unsecured
N
USD
BBB-/BBB/Baa2
0.78
12.05.2015
10.11.2014
-
-
GAZPROM
GAZPRU 5.092 11/29/15
98.50 +1.16 %
98.00
99.00
6.89
0.86
Sr Unsecured
N
5.93
USD
BBB-/BBB/Baa2
0.65
29.05.2015
29.11.2010
-
-
GAZPROM
GAZPRU 8 1/8 02/04/15
100.10 +0.19 %
100.02
100.18
5.85
0.05
Sr Unsecured
N
1.42
EUR
BBB-/BBB/Baa2
7.68
04.02.2015
31.07.2009
-
-
GAZPROM
GAZPRU 5 7/8 06/01/15
99.68 +0.21 %
99.25
100.12
6.50
0.38
Sr Unsecured
N
2.25
EUR
BBB-/BBB/Baa2
3.67
01.06.2015
01.06.2005
-
-
GAZPROM
GAZPRU 4.95 05/23/16
95.71 +0.81 %
95.07
96.35
8.35
1.32
Sr Unsecured
N
6.82
USD
BBB-/BBB/Baa2
0.72
23.05.2015
23.11.2011
-
-
GAZPROM
GAZPRU 6.212 11/22/16
96.17 +1.03 %
95.79
96.55
8.48
1.76
Sr Unsecured
N
8.74
USD
BBB-/BBB/Baa2
0.91
22.05.2015
22.11.2006
-
-
GAZPROM
GAZPRU 3.755 03/15/17
90.99 +1.36 %
90.27
91.72
8.48
2.05
Sr Unsecured
N
10.35
EUR
BBB-/BBB/Baa2
3.15
15.03.2015
19.07.2012
-
-
GAZPROM
GAZPRU 5.136 03/22/17
93.41 +0.42 %
92.73
94.08
8.56
2.03
Sr Unsecured
N
13.16
EUR
BBB/BBB/Baa2
4.21
22.03.2015
22.11.2006
-
-
-
#ЗНАЧ!
-
-
Oil & Gas
© 2014 ООО «УНИВЕР Капитал»
6
-
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
90D
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
GAZPROM
GAZPRU 5.44 11/02/17
92.66 +1.74 %
92.13
93.19
8.48
2.64
Sr Unsecured
N
14.37
EUR
BBB-/BBB/Baa2
1.10
02.11.2015
07.03.2007
-
-
GAZPROM
GAZPRU 8.146 04/11/18
96.76 +0.38 %
96.24
97.28
9.32
2.85
Sr Unsecured
N
12.48
USD
BBB-/BBB/Baa2
2.13
11.04.2015
11.04.2008
-
-
GAZPROM
GAZPRU 3.7 07/25/18
85.67 +1.29 %
85.14
86.20
8.57
3.29
Sr Unsecured
N
14.29
EUR
BBB-/BBB/Baa2
1.76
25.07.2015
25.07.2013
-
-
GAZPROM
GAZPRU 6.605 02/13/18
96.38 +2.15 %
95.85
96.91
7.97
2.71
Sr Unsecured
N
14.78
EUR
BBB-/BBB/Baa2
6.08
13.02.2015
25.10.2007
-
-
GAZPROM
GAZPRU 9 1/4 04/23/19
98.22 +1.12 %
97.62
98.82
9.76
3.55
Sr Unsecured
N
16.55
USD
BBB-/BBB/Baa2
2.11
23.04.2015
23.04.2009
-
-
GAZPROM
GAZPRU 2.85 10/25/19
81.72 +2.50 %
81.17
82.28
7.54
4.47
Sr Unsecured
N
33.46
CHF
BBB-/BBB/Baa2
0.63
25.10.2015
25.10.2013
-
-
GAZPROM
GAZPRU 3.85 02/06/20
80.03 +2.21 %
79.50
80.55
8.83
4.49
Sr Unsecured
N
18.48
USD
BBB-/BBB/Baa2
1.70
06.02.2015
06.02.2013
-
-
GAZPROM
GAZPRU 3.389 03/20/20
82.69 +3.11 %
81.99
83.39
7.55
4.64
Sr Unsecured
N
21.96
EUR
BBB-/BBB/Baa2
2.79
20.03.2015
21.03.2013
-
-
GAZPROM
GAZPRU 5.338 09/25/20
84.17 +1.57 %
82.57
85.76
8.94
4.82
Sr Unsecured
N
15.55
GBP
BBB-/BBB/Baa2
1.63
25.03.2015
25.09.2013
-
-
GAZPROM
GAZPRU 5.999 01/23/21
85.54 +2.06 %
84.91
86.18
9.18
4.89
Sr Unsecured
N
20.05
USD
BBB-/BBB/Baa2
2.87
23.01.2015
23.11.2011
-
-
GAZPROM
GAZPRU 3.6 02/26/21
80.91 +3.43 %
80.04
81.77
7.62
5.32
Sr Unsecured
N
24.50
EUR
BBB-/BBB/Baa2
3.19
26.02.2015
26.02.2014
-
-
GAZPROM
GAZPRU 4.95 07/19/22
77.75 +1.68 %
77.28
78.23
9.10
5.99
Sr Unsecured
N
24.59
USD
BBB-/BBB/Baa2
2.42
19.01.2015
19.07.2012
-
-
GAZPROM
GAZPRU 6.51 03/07/22
85.75 +1.17 %
85.15
86.35
9.28
5.55
Sr Unsecured
N
20.25
USD
BBB-/BBB/Baa2
2.31
07.03.2015
07.03.2007
-
-
GAZPROM
GAZPRU 4.364 03/21/25
80.85 -2.16 %
79.94
81.77
7.06
7.86
Sr Unsecured
N
22.77
EUR
BBB-/BBB/Baa2
3.59
21.03.2015
21.03.2013
-
-
GAZPROM
GAZPRU 4.95 02/06/28
74.54 +2.87 %
73.84
75.24
8.15
8.90
Sr Unsecured
N
21.92
USD
BBB-/BBB/Baa2
2.19
06.02.2015
06.02.2013
-
-
GAZPROM
GAZPRU 8 5/8 04/28/34
97.07 +1.55 %
96.37
97.77
8.94
9.41
Sr Unsecured
N
22.94
USD
BBB-/BBB/Baa2
1.84
28.04.2015
28.04.2004
-
-
GAZPROM
GAZPRU 7.288 08/16/37
87.17 +2.25 %
86.47
87.87
8.58
10.30
Sr Unsecured
N
23.73
USD
BBB-/BBB/Baa2
3.02
16.02.2015
16.08.2007
-
-
GAZPROM NEFT
SIBNEF 2.933 04/26/18
82.60 +1.88 %
82.12
83.08
9.33
3.09
Sr Unsecured
N
13.49
EUR
BBB-/BBB/Baa2
2.12
26.04.2015
26.04.2013
-
-
GAZPROM NEFT
SIBNEF 4 3/8 09/19/22
71.22 +2.64 %
70.53
71.91
9.79
6.24
Sr Unsecured
N
22.49
USD
BBB-/BBB/Baa2
1.41
19.03.2015
19.09.2012
-
-
GAZPROM NEFT
SIBNEF 6 11/27/23
76.52 +2.62 %
75.87
77.17
10.06
6.62
Sr Unsecured
N
26.05
USD
BBB-/BBB/Baa2
0.80
27.05.2015
27.11.2013
-
-
LUKOIL INTL FIN
LUKOIL 2 5/8 06/16/15
96.69 +0.69 %
96.27
97.11
10.86
0.42
Sr Unsecured
N
8.34
USD
BBB-/-/-
0.21
16.06.2015
16.12.2010
-
-
LUKOIL INTL FIN
LUKOIL 6.356 06/07/17
94.75 +1.76 %
94.24
95.26
8.83
2.24
Sr Unsecured
N
17.21
USD
BBB-/BBB/Baa2
0.67
07.06.2015
07.06.2007
-
-
LUKOIL INTL FIN
LUKOIL 3.416 04/24/18
84.72 +3.63 %
84.21
85.23
8.89
3.08
Sr Unsecured
N
17.42
USD
BBB-/BBB/Baa2
0.77
24.04.2015
24.04.2013
-
-
LUKOIL INTL FIN
LUKOIL 7 1/4 11/05/19
93.12 +2.65 %
92.48
93.75
9.04
4.06
Sr Unsecured
N
20.02
USD
BBB-/BBB/Baa2
1.41
05.05.2015
05.11.2009
-
-
LUKOIL INTL FIN
LUKOIL 6 1/8 11/09/20
86.90 +2.18 %
86.38
87.41
9.07
4.85
Sr Unsecured
N
17.91
USD
BBB-/BBB/Baa2
1.12
09.05.2015
09.11.2010
-
-
LUKOIL INTL FIN
LUKOIL 6.656 06/07/22
87.03 +2.68 %
86.40
87.66
9.10
5.79
Sr Unsecured
N
20.48
USD
BBB-/BBB/Baa2
0.70
07.06.2015
07.06.2007
-
-
LUKOIL INTL FIN
LUKOIL 4.563 04/24/23
76.26 +1.64 %
75.70
76.83
8.63
6.67
Sr Unsecured
N
25.24
USD
BBB-/BBB/Baa2
1.03
24.04.2015
24.04.2013
-
-
NOVATEK OAO
NVTKRM 5.326 02/03/16
96.13 +0.08 %
95.66
96.59
9.28
1.01
Sr Unsecured
N
15.52
USD
BBB-/BBB-/Baa3
2.40
03.02.2015
03.02.2011
-
-
NOVATEK OAO
NVTKRM 7 3/4 02/21/17
76.46 -0.94 %
75.17
77.75
23.64
1.88
Sr Unsecured
N
24.19
RUB
BBB-/BBB-/Baa3
3.10
21.02.2015
19.02.2013
-
-
NOVATEK OAO
NVTKRM 6.604 02/03/21
86.20 +2.35 %
85.58
86.81
9.67
4.83
Sr Unsecured
N
20.19
USD
BBB-/BBB-/Baa3
2.97
03.02.2015
03.02.2011
-
-
NOVATEK OAO
NVTKRM 4.422 12/13/22
73.59 +4.88 %
72.88
74.30
9.19
6.49
Sr Unsecured
N
29.08
USD
BBB-/BBB-/Baa3
0.39
13.06.2015
13.12.2012
-
-
ROSNEFT OIL CO
ROSNRM 3.149 03/06/17
85.52 -0.13 %
84.60
86.45
10.91
2.06
Sr Unsecured
N
21.32
USD
BBB-/WD/Baa2
1.13
06.03.2015
06.12.2012
-
-
ROSNEFT OIL CO
ROSNRM 4.199 03/06/22
69.92 +1.31 %
69.52
70.31
10.24
5.90
Sr Unsecured
N
24.77
USD
BBB-/WD/Baa2
1.51
06.03.2015
06.12.2012
-
-
© 2014 ООО «УНИВЕР Капитал»
7
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
90D
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
SIBUR SEC LTD
SIBUR 3.914 01/31/18
82.30 +1.45 %
81.47
83.13
10.91
2.82
Sr Unsecured
N
32.81
USD
-/BB+/Ba1
1.79
31.01.2015
31.01.2013
-
-
SINEK CAPITAL
SINEK 7.7 08/03/15
99.95 -0.13 %
99.37
100.54
7.77
0.53
Sr Unsecured
N
3.48
USD
-/BBB/Baa3
3.47
03.02.2015
03.08.2005
-
-
TNK-BP FINANCE
TMENRU 6 1/4 02/02/15
99.69 +0.19 %
99.25
100.13
12.51
0.05
Sr Unsecured
N
2.58
USD
BBB-/WD/Baa2
2.83
02.02.2015
02.02.2010
-
-
TNK-BP FINANCE
TMENRU 7 1/2 07/18/16
95.54 +0.54 %
95.02
96.06
10.78
1.40
Sr Unsecured
N
8.87
USD
BBB-/WD/Baa2
3.69
18.01.2015
18.07.2006
-
-
TNK-BP FINANCE
TMENRU 6 5/8 03/20/17
91.01 -0.00 %
90.18
91.84
11.39
2.02
Sr Unsecured
N
10.82
USD
BBB-/WD/Baa2
2.12
20.03.2015
19.03.2007
-
-
TNK-BP FINANCE
TMENRU 7 7/8 03/13/18
89.66 -1.16 %
89.19
90.14
11.88
2.76
Sr Unsecured
N
13.68
USD
BBB-/WD/Baa2
2.67
13.03.2015
10.10.2007
-
-
TNK-BP FINANCE
TMENRU 7 1/4 02/02/20
84.67 -0.13 %
83.93
85.41
11.32
4.08
Sr Unsecured
N
16.34
USD
BBB-/WD/Baa2
3.28
02.02.2015
02.02.2010
-
-
TRANSNEFT
TNEFT 8.7 08/07/18
101.13 +0.47 %
100.57
101.70
8.32
3.03
Sr Unsecured
N
6.86
USD
BBB-/-/Baa2
3.82
07.02.2015
07.08.2008
-
-
Metals & Mining
ALROSA FINANCE
ALRSRU 7 3/4 11/03/20
91.19 -0.61 %
90.20
92.17
9.77
4.65
Sr Unsecured
N
21.99
USD
BB-/BB/Ba3
1.55
03.05.2015
03.11.2010
-
-
EVRAZ GROUP SA
EVRAZ 8 1/4 11/10/15
99.17 +0.42 %
98.50
99.84
9.30
0.80
Sr Unsecured
N
4.28
USD
B+/BB-/B1
1.49
10.05.2015
10.11.2005
-
-
EVRAZ GROUP SA
EVRAZ 7.4 04/24/17
83.80 +0.97 %
82.89
84.71
16.17
2.08
Sr Unsecured
N
24.90
USD
B+/BB-/B1
1.67
24.04.2015
24.04.2012
-
-
EVRAZ GROUP SA
EVRAZ 6 3/4 04/27/18
78.91 -2.63 %
78.00
79.82
15.12
2.91
Sr Unsecured
N
23.17
USD
B+/BB-/B1
1.46
27.04.2015
27.04.2011
-
-
EVRAZ GROUP SA
EVRAZ 9 1/2 04/24/18
86.36 -1.12 %
85.57
87.16
14.89
2.79
Sr Unsecured
N
19.71
USD
B+/BB-/B1
2.14
24.04.2015
24.04.2008
-
-
EVRAZ GROUP SA
EVRAZ 6 1/2 04/22/20
72.94 -1.39 %
71.86
74.02
13.91
4.31
Sr Unsecured
N
27.57
USD
B+/BB-/-
1.50
22.04.2015
22.04.2013
-
-
HOLDGROVE LTD
CHMFRU 1 09/24/17
95.40 +0.64 %
94.77
96.02
12.60
0.69
Sr Unsecured
N
6.41
USD
BB+/-/-
0.31
24.03.2015
24.09.2012
-
24.09.2015
JSC SEVERSTAL
CHMFRU 6 1/4 07/26/16
94.18 -0.10 %
93.38
94.99
10.46
1.44
Sr Unsecured
N
12.93
USD
BB+/BB+/Ba1
2.93
26.01.2015
26.07.2011
-
-
KOKS OAO
KOKSRU 7 3/4 06/23/16
79.89 +4.41 %
77.77
82.02
25.25
1.38
Sr Unsecured
N
18.22
USD
B-/-/B3
0.47
23.06.2015
23.06.2011
-
-
METALLOINVEST FI
METINR 6 1/2 07/21/16
93.03 +1.09 %
92.01
94.04
11.65
1.42
Sr Unsecured
N
14.35
USD
-/BB/Ba2
3.14
21.01.2015
21.07.2011
-
-
METALLOINVEST FI
METINR 5 5/8 04/17/20
73.21 -0.85 %
72.28
74.14
12.77
4.41
Sr Unsecured
N
21.19
USD
BB/BB/Ba2
1.38
17.04.2015
17.04.2013
-
-
MMC NOR VIA MMC
GMKNRM 4 3/8 04/30/18
90.64 -0.05 %
89.78
91.50
7.64
3.06
Sr Unsecured
N
13.31
USD
BBB-/BBB-/Baa2
0.91
30.04.2015
30.04.2013
-
-
MMC NOR VIA MMC
GMKNRM 5.55 10/28/20
88.47 -0.61 %
87.94
89.00
8.08
4.91
Sr Unsecured
N
15.35
USD
BBB-/BBB-/Baa2
1.19
28.04.2015
28.10.2013
-
-
NORD GOLD NV
NORDLI 6 3/8 05/07/18
85.01 +1.20 %
84.01
86.01
11.98
2.97
Sr Unsecured
N
18.34
USD
-/BB-/Ba3
1.20
07.05.2015
07.05.2013
-
-
OAO TMK
TRUBRU 7 3/4 01/27/18
63.00 +2.37 %
61.00
65.00
26.16
2.53
Sr Unsecured
N
26.27
USD
B+/-/B1
3.62
27.01.2015
27.01.2011
-
-
OAO TMK
TRUBRU 6 3/4 04/03/20
56.89 -0.95 %
56.21
57.56
20.61
4.06
Sr Unsecured
N
24.07
USD
B+/-/B1
1.91
03.04.2015
03.04.2013
-
-
OJSC NOVOLIPETSK
NLMKRU 4.45 02/19/18
86.95 +0.66 %
86.68
87.22
9.41
2.85
Sr Unsecured
N
22.81
USD
BB+/BBB-/Baa3
1.80
19.02.2015
19.02.2013
-
-
OJSC NOVOLIPETSK
NLMKRU 4.95 09/26/19
85.26 +1.51 %
84.18
86.33
8.85
4.13
Sr Unsecured
N
20.95
USD
BB+/BBB-/Baa3
1.50
26.03.2015
26.09.2012
-
-
OJSC RASPADSKAYA
RASPAD 7 3/4 04/27/17
66.00 -0.77 %
65.00
67.00
29.12
2.05
Sr Unsecured
N
29.36
USD
-/B+/B2
1.68
27.04.2015
27.04.2012
-
-
POLYUS GOLD INT
PGILLN 5 5/8 04/29/20
83.70 +4.19 %
82.87
84.53
9.63
4.51
Sr Unsecured
N
21.84
USD
BB+/BBB-/-
1.19
29.04.2015
29.04.2013
-
-
SEVERSTAL OAO
CHMFRU 6.7 10/25/17
91.18 +0.14 %
90.32
92.04
10.43
2.53
Sr Unsecured
N
13.90
USD
BB+/BB+/Ba1
1.49
25.04.2015
25.10.2010
-
-
SEVERSTAL OAO
CHMFRU 4.45 03/19/18
83.47 +0.60 %
82.74
84.21
10.72
2.93
Sr Unsecured
N
19.37
USD
BB+/BB+/NR
1.43
19.03.2015
19.03.2013
-
-
© 2014 ООО «УНИВЕР Капитал»
8
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
90D
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
SEVERSTAL OAO
CHMFRU 5.9 10/17/22
80.58 +1.01 %
79.72
81.44
9.49
6.03
Sr Unsecured
N
19.93
USD
BB+/BB+/Ba1
1.44
17.04.2015
17.10.2012
-
-
TMK BONDS SA
TRUBRU 5 1/4 02/11/15
96.17 +1.71 %
95.33
97.01
60.00
0.07
Sr Unsecured
N
14.82
USD
B+/-/-
0.93
11.02.2015
11.02.2010
-
-
FED GRID CO OJSC
FEESRM 8.446 03/13/19
68.03 #ЗНАЧ!
66.06
69.99
21.15
3.32
Unsecured
N
22.72
RUB
BBB-/-/Baa3
2.86
13.03.2015
13.12.2012
-
-
RUSHYDRO JSC
HYDRRM 7 7/8 10/28/15
92.00 +0.62 %
91.00
93.00
20.24
0.76
Sr Unsecured
N
11.46
RUB
BB+/BB+/Ba1
1.70
28.04.2015
28.10.2010
-
-
EUROCHEM M & C C
EUCHEM 5 1/8 12/12/17
85.34 -0.05 %
84.41
86.26
11.16
2.71
Sr Unsecured
N
19.50
USD
BB/BB/-
0.47
12.06.2015
12.12.2012
-
-
KAZANORGSINTEZ
KZOSRU 10 03/19/15
99.69 -0.99 %
99.00
100.38
11.43
0.18
Sr Unsecured
N
4.66
USD
NR/CCC+/-
3.22
19.03.2015
30.10.2006
-
-
NIZHNEKAMSKNEFTE
NKNCRU 8 1/2 12/22/15
Sr Unsecured
Y
USD
-/WD/Ba3
0.54
22.06.2015
22.12.2005
12.02.2015
-
PHOSAGRO
PHORRU 4.204 02/13/18
85.07 +0.57 %
84.16
85.99
9.95
2.84
Sr Unsecured
N
15.23
USD
-/BB+/Baa3
1.78
13.02.2015
13.02.2013
-
-
URALKALI OJSC
URKARM 3.723 04/30/18
80.78 +2.17 %
79.82
81.75
10.81
3.08
Sr Unsecured
N
25.65
USD
-/BBB-/Baa3
0.78
30.04.2015
29.04.2013
-
-
Sr Unsecured
Y
USD
NR/-/-
1.76
09.02.2015
15.11.2010
#N/A Invalid Field
#N/A Invalid Field
Energy
Diversified Chemicals
-
#ЗНАЧ!
-
-
-
Construction
LENSPETSSMU CJSC
LENSP 9 3/4 11/09/15
-
#ЗНАЧ!
-
-
-
Telecom & Media
MOBILE TELE
MOBTEL 8 5/8 06/22/20
96.00 +3.77 %
95.18
96.81
9.58
4.40
Sr Unsecured
N
25.64
USD
BBB-/BB+/Baa3
0.55
22.06.2015
22.06.2010
-
-
MOBILE TELE
MOBTEL 5 05/30/23
79.37 +4.32 %
78.50
80.24
8.49
6.68
Sr Unsecured
N
32.14
USD
BBB-/BB+/Baa3
0.63
30.05.2015
30.05.2013
-
-
SISTEMA
AFKSRU 6.95 05/17/19
68.89 +1.94 %
67.23
70.54
17.46
3.64
Sr Unsecured
N
85.24
USD
BB/BB-/-
1.12
17.05.2015
18.05.2012
-
-
VIMPELCOM
VIP 6.493 02/02/16
95.00 +0.54 %
94.56
95.44
11.69
1.00
Sr Unsecured
N
8.97
USD
BB/-/Ba3
2.94
02.02.2015
02.02.2011
-
-
VIMPELCOM
VIP 8 1/4 05/23/16
95.20 +0.16 %
94.56
95.84
12.18
1.30
Sr Unsecured
N
10.03
USD
BB/-/Ba3
1.19
23.05.2015
22.05.2006
-
-
VIMPELCOM
VIP 9 1/8 04/30/18
93.23 +1.40 %
92.67
93.78
11.65
2.85
Sr Unsecured
N
22.52
USD
BB/-/Ba3
1.90
30.04.2015
30.04.2008
-
-
VIMPELCOM
VIP 7.748 02/02/21
81.72 +1.50 %
81.02
82.42
12.10
4.61
Sr Unsecured
N
41.50
USD
BB/-/Ba3
3.51
02.02.2015
02.02.2011
-
-
VIMPELCOM HLDGS
VIP 6.2546 03/01/17
90.15 +0.93 %
89.23
91.08
11.60
1.97
Sr Unsecured
N
16.42
USD
BB/-/Ba3
2.33
01.03.2015
29.06.2011
-
-
VIMPELCOM HLDGS
VIP 9 02/13/18
69.00 +0.27 %
66.88
71.13
25.15
2.54
Sr Unsecured
N
23.88
RUB
BB/-/Ba3
3.80
13.02.2015
13.02.2013
-
-
VIMPELCOM HLDGS
VIP 5.2 02/13/19
81.02 +2.27 %
80.08
81.96
11.11
3.58
Sr Unsecured
N
24.54
USD
BB/-/Ba3
2.20
13.02.2015
13.02.2013
-
-
VIMPELCOM HLDGS
VIP 7.5043 03/01/22
79.77 +1.35 %
79.22
80.33
11.77
5.26
Sr Unsecured
N
41.67
USD
BB/-/Ba3
2.79
01.03.2015
29.06.2011
-
-
© 2014 ООО «УНИВЕР Капитал»
9
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
Issuer
VIMPELCOM HLDGS
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
VIP 5.95 02/13/23
73.36 +2.13 %
72.67
74.04
11.01
6.01
Sr Unsecured
N
34.10
USD
BB/-/Ba3
2.51
13.02.2015
13.02.2013
-
-
DME AIRPORT LTD
DMEAIR 6 11/26/18
77.29 +1.07 %
75.02
79.55
13.77
3.41
Sr Unsecured
N
18.06
USD
BB+/BB+/-
0.83
25.05.2015
25.11.2013
-
-
FAR EAST CPL LTD
FESHRU 8 05/02/18
42.00 -1.26 %
39.00
44.99
41.99
2.65
Secured
N
29.67
USD
B/B/-
1.62
02.05.2015
02.05.2013
02.05.2016
-
FAR EAST CPL LTD
FESHRU 8 3/4 05/02/20
41.50 -1.13 %
40.00
43.00
32.63
3.58
Secured
N
27.06
USD
B/B/-
1.77
02.05.2015
02.05.2013
02.05.2017
-
RZD CAPITAL LTD
RURAIL 8.3 04/02/19
68.36 -2.15 %
66.93
69.79
20.64
3.39
Sr Unsecured
N
21.84
RUB
BBB/BBB/Baa2
2.37
02.04.2015
02.04.2012
-
-
RZD CAPITAL LTD
RURAIL 7.487 03/25/31
85.11 +0.39 %
84.27
85.95
9.28
8.84
Sr Unsecured
N
13.99
GBP
BBB-/BBB/Baa2
2.29
25.03.2015
25.03.2011
-
-
RZD CAPITAL PLC
RURAIL 5.739 04/03/17
92.25 +0.54 %
91.51
92.99
9.70
2.07
Sr Unsecured
N
20.36
USD
BBB-/BBB/Baa2
1.63
03.04.2015
01.04.2010
-
-
RZD CAPITAL PLC
RURAIL 2.177 02/26/18
77.56 +1.44 %
75.98
79.14
11.08
2.96
Sr Unsecured
N
27.52
CHF
BBB-/BBB/Baa2
1.93
26.02.2015
26.02.2013
-
-
RZD CAPITAL PLC
RURAIL 2.73 02/26/21
69.04 +2.50 %
68.19
69.88
9.67
5.43
Sr Unsecured
N
38.89
CHF
BBB-/BBB/Baa2
2.42
26.02.2015
26.02.2013
-
-
RZD CAPITAL PLC
RURAIL 3.3744 05/20/21
72.29 -1.58 %
71.38
73.20
9.36
5.54
Sr Unsecured
N
22.27
EUR
BBB-/BBB/Baa2
2.22
20.05.2015
18.04.2013
-
-
RZD CAPITAL PLC
RURAIL 5.7 04/05/22
79.51 +0.75 %
78.84
80.18
9.71
5.73
Sr Unsecured
N
21.81
USD
BBB-/BBB/Baa2
1.58
05.04.2015
05.04.2012
-
-
RZD CAPITAL PLC
RURAIL 4.6 03/06/23
73.08 -0.78 %
72.16
74.01
9.49
6.39
Sr Unsecured
N
20.00
EUR
BBB-/BBB/Baa2
3.97
06.03.2015
06.03.2014
-
-
SCF CAPITAL LTD
SCFRU 5 3/8 10/27/17
81.08 -0.15 %
79.99
82.17
13.78
2.57
Sr Unsecured
N
12.79
USD
-/BB-/B1
1.16
27.04.2015
27.10.2010
-
-
STRATEGY
Transport
Ukraine
AVANGARDCO INVES
AVINPU 10 10/29/15
BANK NADRA
NADRA 6 1/4 07/31/18
62.51 +0.01 %
60.01
65.00
83.56
0.76
Sr Unsecured
N
30.26
USD
-/CCC/-
2.11
29.04.2015
29.10.2010
-
-
100.00 +0.00 %
100.00
100.00
6.87
1.53
Sr Unsecured
Y
0.00
USD
-/WD/WR
9.05
31.01.2015
28.06.2007
-
CITY OF KYIV
-
CITKIE 8 11/06/15
66.00 #ЗНАЧ!
65.01
67.00
69.53
0.78
Sr Unsecured
N
34.91
USD
CCC-/CC/Caa3
1.49
08.05.2015
08.11.2005
-
-
CITY OF KYIV
CITKIE 9 3/8 07/11/16
60.69 -2.53 %
57.63
63.75
49.79
1.40
Sr Unsecured
N
43.08
USD
CCC-/CC/Caa3
0.10
11.07.2015
11.07.2011
-
-
CJSC FIRST UKRAI
PUMBUZ 11 12/31/18
71.00 #ЗНАЧ!
71.00
71.00
22.20
3.08
Sr Unsecured
Y
USD
-/NR/WR
0.46
31.03.2015
14.02.2007
-
-
DTEK FINANCE
DTEKUA 7 7/8 04/04/18
46.76 -1.64 %
46.02
47.51
37.78
2.61
Sr Unsecured
N
46.51
USD
-/CCC/Caa2
2.23
04.04.2015
04.04.2013
-
-
DTEK FINANCE BV
DTEKUA 9 1/2 04/28/15
76.75 #ЗНАЧ!
75.00
78.50
Sr Unsecured
N
24.39
USD
-/CCC/Caa2
2.06
28.04.2015
28.04.2010
-
-
EX-IM BK OF UKRA
EXIMUK 5.79275 02/09/16
48.52 #ЗНАЧ!
45.05
52.00
90.57
0.99
Subordinated
N
66.43
USD
-/C/Ca
2.51
09.02.2015
09.02.2006
12.02.2015
-
FERREXPO FINANCE
FXPOLN 7 7/8 04/07/16
76.89 +0.49 %
76.01
77.77
32.02
1.16
Sr Unsecured
N
13.98
USD
CCC+/CCC/Caa2
2.14
07.04.2015
07.04.2011
-
-
FINANCING INFRAS
UKRINF 9 12/07/17
58.47 +0.82 %
57.82
59.11
32.03
2.47
Sr Unsecured
N
35.02
USD
-/-/(P)Caa3
0.95
07.06.2015
07.12.2012
-
-
FINANCING INFRAS
UKRINF 8 3/8 11/03/17
57.88 -0.04 %
57.24
58.53
32.30
2.40
Sr Unsecured
N
36.91
USD
-/-/Caa3
1.68
03.05.2015
03.11.2010
-
-
FINANCING INFRAS
UKRINF 7.4 04/20/18
58.66 +1.30 %
57.24
60.08
27.31
2.77
Sr Unsecured
N
27.81
USD
-/-/Caa3
1.75
20.04.2015
21.04.2011
-
-
METINVEST
METINV 10 1/4 05/20/15
77.51 -1.89 %
75.01
80.01
94.88
0.35
Sr Unsecured
N
14.48
USD
-/CCC/Caa2
1.57
20.05.2015
20.05.2010
-
-
METINVEST
METINV 8 3/4 02/14/18
53.00 +0.01 %
48.00
58.01
34.76
2.46
Sr Unsecured
N
27.87
USD
-/CCC/Caa2
3.67
14.02.2015
14.02.2011
-
-
© 2014 ООО «УНИВЕР Капитал»
10
-
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
MHP SA
MHPSA 10 1/4 04/29/15
95.26 +0.54 %
94.52
96.00
27.52
0.29
Sr Unsecured
N
9.66
USD
-/CCC/Caa2
2.19
29.04.2015
29.04.2010
-
-
MHP SA
MHPSA 8 1/4 04/02/20
68.55 +0.81 %
67.10
69.99
17.73
3.99
Sr Unsecured
N
24.72
USD
CCC-/CCC/-
2.38
02.04.2015
02.04.2013
-
-
MRIYA AGRO HLDG
MRIYA 10.95 03/30/16
11.00 #ЗНАЧ!
11.00
11.00
Sr Unsecured
N
-
USD
NR/WD/-
0.00
30.03.2015
30.03.2011
-
-
MRIYA AGRO HLDG
MRIYA 9.45 04/19/18
11.00 #ЗНАЧ!
11.00
11.00
Sr Unsecured
N
-
USD
NR/WD/-
0.00
19.04.2015
19.04.2013
-
-
OSCHADBANK
OSCHAD 8 1/4 03/10/16
57.51 +4.56 %
55.00
60.02
Sr Unsecured
N
USD
-/CCC/Caa3
2.86
10.03.2015
10.03.2011
-
-
OSCHADBANK
OSCHAD 8 1/4 03/10/16
Unsecured
N
USD
-/-/-
2.86
#N/A Field Not18.07.2011
Applicable
-
-
OSCHADBANK
OSCHAD 8 7/8 03/20/18
53.78 +2.44 %
52.57
55.00
33.56
2.56
Sr Unsecured
N
40.71
USD
-/CCC/Caa3
2.84
20.03.2015
20.03.2013
-
-
PRIVATBANK
PRBANK 9 3/8 09/23/15
62.49 #ЗНАЧ!
60.00
64.98
94.73
0.66
Sr Unsecured
N
27.08
USD
-/CC/Caa3u
2.92
23.03.2015
24.09.2010
-
-
PRIVATBANK
PRBANK 5.799 02/09/16
52.06 +2.84 %
49.75
54.38
80.96
1.00
Subordinated
N
30.52
USD
-/-/Cau
2.51
09.02.2015
09.02.2006
-
-
PRIVATBANK
PRBANK 10 7/8 02/28/18
57.01 #ЗНАЧ!
54.01
60.01
34.35
2.41
Sr Unsecured
N
44.08
USD
-/CC/Caa3u
4.14
28.02.2015
28.02.2013
-
-
UKRAINE GOVT
UKRAIN 5 12/20/15
86.89 +0.25 %
86.70
87.08
21.25
0.92
Sr Unsecured
N
14.56
USD
CCC-/CCC/Caa3
0.35
20.06.2015
24.12.2013
-
-
UKRAINE GOVT
UKRAIN 6 7/8 09/23/15
72.00 +2.86 %
70.90
73.10
62.72
0.67
Sr Unsecured
N
32.63
USD
CCC-/CCC/Caa3
2.14
23.03.2015
23.09.2010
-
-
UKRAINE GOVT
UKRAIN 4.95 10/13/15
69.37 +5.20 %
65.87
72.87
65.40
0.74
Sr Unsecured
N
45.78
EUR
CCC-/CCC/Caa3
1.27
13.10.2015
13.10.2005
-
-
UKRAINE GOVT
UKRAIN 6 1/4 06/17/16
61.41 +1.05 %
60.54
62.28
46.14
1.36
Sr Unsecured
N
35.46
USD
CCC-/CCC/Caa3
0.49
17.06.2015
17.06.2011
-
-
UKRAINE GOVT
UKRAIN 6.58 11/21/16
60.13 -0.31 %
59.72
60.54
38.64
1.72
Sr Unsecured
N
36.12
USD
CCC-/CCC/Caa3
0.99
21.05.2015
20.11.2006
-
-
UKRAINE GOVT
UKRAIN 9 1/4 07/24/17
59.54 +1.66 %
58.85
60.22
34.52
2.08
Sr Unsecured
N
38.83
USD
CCC-/CCC/Caa3
4.39
24.01.2015
24.07.2012
-
-
UKRAINE GOVT
UKRAIN 6 3/4 11/14/17
59.42 +2.51 %
58.76
60.07
28.59
2.51
Sr Unsecured
N
37.74
USD
CCC-/CCC/Caa3
1.14
14.05.2015
14.11.2007
-
-
UKRAINE GOVT
UKRAIN 7 3/4 09/23/20
57.46 +1.61 %
56.62
58.30
20.85
4.16
Sr Unsecured
N
38.38
USD
CCC-/CCC/Caa3
2.41
23.03.2015
23.09.2010
-
-
UKRAINE GOVT
UKRAIN 7.95 02/23/21
57.55 +2.58 %
56.69
58.42
20.41
4.29
Sr Unsecured
N
37.99
USD
CCC-/CCC/Caa3
3.14
23.02.2015
23.02.2011
-
-
UKRAINE GOVT
UKRAIN 7.8 11/28/22
56.50 +1.65 %
56.00
57.00
18.50
5.22
Sr Unsecured
N
38.46
USD
CCC-/CCC/Caa3
1.02
28.05.2015
28.11.2012
-
-
UKRAINE GOVT
UKRAIN 7 1/2 04/17/23
55.98 +1.65 %
55.11
56.84
17.90
5.36
Sr Unsecured
N
36.33
USD
CCC-/CCC/Caa3
1.83
17.04.2015
17.04.2013
-
-
UKREXIMBANK
EXIMUK 8 3/8 04/27/15
78.50 +0.64 %
77.00
80.00
104.91
0.28
Sr Unsecured
N
27.50
USD
-/CCC/Caa3
1.81
27.04.2015
27.04.2010
-
-
UKREXIMBANK
EXIMUK 8 3/4 01/22/18
55.78 -1.33 %
55.05
56.52
32.95
2.41
Sr Unsecured
N
26.84
USD
-/CCC/Caa3
4.20
22.01.2015
22.01.2013
-
-
UKRLANDFARMING
UKRLAN 10 7/8 03/26/18
44.01 -2.20 %
40.00
48.02
45.80
2.37
Unsecured
N
54.28
USD
CCC-/CCC/-
3.29
26.03.2015
26.03.2013
-
-
UZ RAIL SHORTLIN
RAILUA 9 1/2 05/21/18
52.50 +0.01 %
50.00
55.01
34.42
2.70
Sr Unsecured
N
37.99
USD
CCC-/CCC/-
1.43
21.05.2015
21.05.2013
-
-
ALLIANCE BANK
ALLIBK 10 1/2 03/25/17
24.55 #ЗНАЧ!
24.55
24.55
Sr Unsecured
Y
-
USD
NR/WD/Cu
0.00
25.03.2015
25.03.2010
-
-
ALLIANCE BANK
ALLIBK 4.7 03/25/20
36.50 #ЗНАЧ!
36.50
36.50
54.98
5.11
Sr Unsecured
Y
-
USD
NR/WD/Cu
0.00
25.03.2015
26.03.2010
-
-
ATF BANK
ATFBP 9 05/11/16
95.37 -0.79 %
94.33
96.41
12.90
1.26
Sr Unsecured
N
USD
NR/B-/Caa2
1.60
11.05.2015
11.05.2006
-
-
ATF CAPITAL BV
ATFBP 10 11/29/49
67.51 #ЗНАЧ!
66.01
69.00
35.71
1.64
Jr Subordinated
N
USD
NR/CC/Ca
1.81
10.05.2015
10.11.2006
10.11.2016
-
BANK CENTERCREDI
CCBNKZ 9 1/8 03/29/49
83.58 #ЗНАЧ!
80.17
86.99
26.81
1.06
Jr Subordinated
N
USD
-/CCC/Caa2
3.35
03.03.2015
03.03.2006
03.03.2016
-
-
#ЗНАЧ!
-
66.42
1.07
-
39.48
-
Kazakhstan
© 2014 ООО «УНИВЕР Капитал»
11
3.31
10.39
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
BTA BANK JSC
BTASKZ 12 1/2 07/01/18
16.13 -4.09 %
14.63
17.63
Sr Unsecured
Y
48.67
USD
-/WD/WR
0.00
01.07.2015
25.08.2010
-
-
BTA BANK JSC
BTASKZ 0 06/30/20
13.56 +0.46 %
12.25
14.88
38.33
5.46
1st lien
N
7.41
USD
-/-/-
0.00
31.03.2015
25.08.2010
-
-
BTA BANK JSC
BTASKZ 3.7 07/01/21
16.19 +1.17 %
14.63
17.75
40.35
4.86
Sr Unsecured
Y
18.88
USD
-/WD/WR
0.00
01.07.2015
26.08.2010
-
-
BTA BANK JSC
BTASKZ 7.2 07/01/25
6.98 +0.00 %
4.96
9.00
77.37
2.36
Subordinated
Y
48.18
USD
-/WD/WR
0.00
01.07.2015
26.08.2010
-
-
BTA BANK JSC
BTASKZ 6 3/4 07/01/25
6.98 +0.00 %
4.96
9.00
73.75
2.46
Subordinated
Y
33.91
EUR
-/WD/WR
0.00
01.07.2015
26.08.2010
-
-
EASTCOMTRANS
EASTCM 7 3/4 04/22/18
95.31 +0.00 %
94.25
96.38
9.44
2.89
Secured
N
2.48
USD
-/B/B3
1.79
22.04.2015
22.04.2013
-
-
HALYK SAVINGS BK
HSBKKZ 7 1/4 05/03/17
99.99 -0.58 %
99.39
100.60
7.25
2.13
Sr Unsecured
N
2.53
USD
BB+/BB/Ba3
1.45
03.05.2015
03.05.2007
-
-
HALYK SAVINGS BK
HSBKKZ 7 1/4 01/28/21
97.28 -0.61 %
96.39
98.17
7.82
4.81
Sr Unsecured
N
4.19
USD
BB+/BB/Ba3
3.36
28.01.2015
28.01.2011
-
-
INTERGAS FIN BV
KZTGKZ 6 3/8 05/14/17
100.26 -0.47 %
99.62
100.89
6.25
2.18
Sr Unsecured
N
5.17
USD
BB+/BBB-/Baa3
1.10
14.05.2015
14.05.2007
-
-
JSC TEMIRBANK
TEMIR 14 06/30/22
106.25 +0.24 %
104.63
107.88
12.68
4.91
Sr Unsecured
N
6.54
USD
B/NR/-
0.62
30.06.2015
30.06.2010
-
30.06.2015
KAZAGRO NATL MGM
KAZNMH 3.255 05/22/19
92.43 #ЗНАЧ!
87.00
97.85
5.24
4.03
Sr Unsecured
N
EUR
BBB+/BBB/-
2.12
22.05.2015
22.05.2014
-
-
KAZAGRO NATL MGM
KAZNMH 4 5/8 05/24/23
79.87 +2.22 %
79.17
80.57
7.97
6.78
Sr Unsecured
N
17.76
USD
BBB+/BBB/-
0.66
24.05.2015
24.05.2013
-
-
KAZAKH DEVELOPME
DBKAZ 5 1/2 12/20/15
100.83 -0.12 %
100.29
101.37
4.57
0.92
Sr Unsecured
N
2.76
USD
BBB+/BBB/Baa3
0.38
20.06.2015
20.12.2010
-
-
KAZAKH DEVELOPME
DBKAZ 6 1/2 06/03/20
99.95 #ЗНАЧ!
99.00
100.90
6.51
4.59
Sr Unsecured
N
11.90
USD
BBB+/BBB/Baa3
0.76
03.06.2015
03.06.2005
-
-
KAZAKH DEVELOPME
DBKAZ 4 1/8 12/10/22
79.33 -2.42 %
78.41
80.26
7.66
6.63
Sr Unsecured
N
15.58
USD
BBB+/BBB/Baa3
0.40
10.06.2015
10.12.2012
-
-
KAZAKH DEVELOPME
DBKAZ 6 03/23/26
89.20 -1.82 %
87.07
91.33
7.44
7.95
Sr Unsecured
N
9.72
USD
BBB+/BBB/Baa3
1.87
23.03.2015
23.03.2006
-
-
KAZAKHSTAN
KAZAKS 3 7/8 10/14/24
89.14 +3.11 %
88.64
89.63
5.32
8.01
Sr Unsecured
N
-
USD
BBB+/BBB+/Baa2
0.98
14.04.2015
14.10.2014
-
-
KAZAKHSTAN
KAZAKS 4 7/8 10/14/44
86.13 +4.65 %
85.51
86.75
5.87
14.74
Sr Unsecured
N
-
USD
BBB+/BBB+/Baa2
1.23
14.04.2015
14.10.2014
-
-
KAZAKHSTAN TEMIR
KTZKZ 7 05/11/16
103.93 -0.79 %
103.32
104.55
3.90
1.27
Sr Unsecured
N
4.51
USD
BBB-/BBB/Baa3
1.25
11.05.2015
11.05.2006
-
-
KAZAKHSTAN TEMIR
KTZKZ 6 3/8 10/06/20
96.13 -0.03 %
95.49
96.77
7.21
4.78
Sr Unsecured
N
12.41
USD
BBB-/BBB/Baa3
1.76
06.04.2015
06.10.2010
-
-
KAZAKHSTAN TEMIR
KTZKZ 6.95 07/10/42
90.93 +1.78 %
89.93
91.93
7.75
11.95
Sr Unsecured
N
24.48
USD
BBB-/BBB/Baa3
0.10
10.07.2015
10.07.2012
-
-
KAZATOMPROM
KZAPKZ 6 1/4 05/20/15
99.37 -0.22 %
98.71
100.03
8.04
0.35
Sr Unsecured
N
1.60
USD
-/BBB-/Baa3
0.95
20.05.2015
20.05.2010
-
-
KAZKOMMERTSBANK
KKB 8 11/03/15
97.67 -0.11 %
96.76
98.58
11.09
0.78
Sr Unsecured
N
3.14
USD
B/B/Caa1u
1.60
03.05.2015
03.11.2005
-
-
KAZKOMMERTSBANK
KKB 7 1/2 11/29/16
89.56 -0.93 %
87.83
91.28
14.02
1.76
Sr Unsecured
N
7.33
USD
B/B/Caa1u
0.96
29.05.2015
29.11.2006
-
-
KAZKOMMERTSBANK
KKB 6.765 07/27/16
86.70 -1.56 %
83.66
89.75
16.97
1.43
Subordinated
N
7.97
USD
CCC/B-/Caa2u
3.16
27.01.2015
27.07.2006
-
-
KAZKOMMERTSBANK
KKB 6 7/8 02/13/17
85.11 +0.49 %
82.85
87.38
15.80
1.87
Sr Unsecured
N
12.02
EUR
B/B/Caa1u
6.33
13.02.2015
13.02.2007
-
-
KAZKOMMERTSBANK
KKB 5.95 06/13/17
81.13 -0.77 %
78.64
83.63
15.63
2.25
Subordinated
N
11.86
USD
CCC/B-/Caa2u
0.53
13.06.2015
13.06.2007
-
-
KAZKOMMERTSBANK
KKB 8 1/2 05/11/18
80.74 -2.17 %
79.68
81.81
16.21
2.87
Sr Unsecured
N
12.57
USD
B/B/Caa1u
1.51
11.05.2015
11.05.2011
-
-
KAZKOMMERTSBANK
KKB 9.2 11/29/49
72.73 +0.52 %
70.26
75.20
54.70
0.79
Jr Subordinated
N
17.81
USD
CCC-/CCC/Caa3u
1.69
09.05.2015
09.11.2005
09.11.2015
-
KAZMUNAYGAS NAT
KZOKZ 11 3/4 01/23/15
100.24 -0.13 %
100.02
100.45
1.07
0.02
Sr Unsecured
N
0.75
USD
BBB-/BBB/Baa3
5.61
23.01.2015
23.07.2009
-
-
KAZMUNAYGAS NAT
KZOKZ 9 1/8 07/02/18
107.84 +1.85 %
107.33
108.36
6.56
3.06
Sr Unsecured
N
12.86
USD
BBB-/BBB/Baa3
0.33
02.07.2015
02.07.2008
-
-
KAZMUNAYGAS NAT
KZOKZ 7 05/05/20
101.09 +2.17 %
100.64
101.54
6.75
4.47
Sr Unsecured
N
14.36
USD
BBB-/BBB/Baa3
1.36
05.05.2015
05.05.2010
-
-
KAZMUNAYGAS NAT
KZOKZ 6 3/8 04/09/21
98.65 +3.03 %
98.08
99.22
6.64
5.15
Sr Unsecured
N
16.79
USD
BBB-/BBB/Baa3
1.70
09.04.2015
10.11.2010
-
-
© 2014 ООО «УНИВЕР Капитал»
12
-
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russian & CIS Eurobonds
капитал
STRATEGY
Issuer
Bond Name
Price
Price Chg
Price
Price
YTC
Duration
Payment
Last
5 Day
Bid
Ask
(mid)
(mid)
Rank
Sink
Volatility
Currency
Ratings
Coupon
Coupon
Issued
Call
Put
S/F/M
Accrued
Date
Date
Date
Date
90D
KAZMUNAYGAS NAT
KZOKZ 4.4 04/30/23
86.50 +3.61 %
85.90
87.09
6.53
6.85
Sr Unsecured
N
23.70
USD
BBB-/BBB/Baa3
0.92
30.04.2015
30.04.2013
-
-
KAZMUNAYGAS NAT
KZOKZ 5 3/4 04/30/43
79.30 +5.55 %
78.76
79.84
7.53
12.49
Sr Unsecured
N
38.41
USD
BBB-/BBB/Baa3
1.20
30.04.2015
30.04.2013
-
-
NOSTRUM OIL & GA
ZHAIK 6 3/8 02/14/19
86.17 +0.23 %
84.51
87.83
10.64
3.51
Sr Unsecured
N
10.72
USD
B+/-/B2
2.69
14.02.2015
14.02.2014
14.02.2017
-
SAMRUK-ENERGY
SAMRUK 3 3/4 12/20/17
96.06 -0.37 %
95.38
96.75
5.21
2.79
Sr Unsecured
N
4.26
USD
BB+/BB+/-
0.26
20.06.2015
20.12.2012
-
-
ZHAIK-CALL04/14
ZHAIK 10 1/2 10/19/15
1st lien
N
1.47
USD
B+/-/WR
0.00
#N/A Field Not19.10.2010
Applicable
-
-
ZHAIKMUNAI LLP
ZHAIK 7 1/8 11/13/19
85.22 -0.52 %
83.94
86.49
11.17
4.05
Sr Unsecured
N
8.85
USD
B+/-/B2
1.25
14.05.2015
13.11.2012
13.11.2016
-
AZERBAIJAN RAILW
AZRAIL 8 1/4 02/18/16
101.01 #ЗНАЧ!
100.02
102.01
7.26
1.03
Unsecured
N
3.66
USD
-/-/-
3.37
18.02.2015
18.02.2011
12.02.2015
-
INTL BK OF AZERB
IBAZAZ 7.2 10/31/16
100.98 #ЗНАЧ!
100.00
101.96
6.61
1.72
Sr Unsecured
N
USD
-/-/Ba3
1.52
30.04.2015
31.10.2013
-
-
INTL BK OF AZERB
IBAZAZ 0 11/03/16
100.71 +0.07 %
100.46
100.96
6.33
0.04
Sr Unsecured
N
3.32
USD
-/-/Ba3
1.40
30.01.2015
15.11.2013
-
-
INTL BK OF AZERB
IBAZAZ 6.17 05/10/17
95.88 +0.07 %
94.38
97.38
8.15
2.17
Subordinated
N
4.16
USD
-/-/B1
1.11
10.05.2015
10.05.2007
-
-
INTL BK OF AZERB
IBAZAZ 7 3/4 09/26/18
96.75 -0.58 %
95.25
98.25
8.78
3.24
Sr Unsecured
N
11.02
USD
-/-/Ba3
2.45
23.03.2015
23.09.2013
-
-
REPUBLIC OF AZER
AZERBJ 4 3/4 03/18/24
94.64 +2.72 %
93.87
95.41
5.50
7.37
Sr Unsecured
N
16.24
USD
-/BBB-/Baa3
1.54
18.03.2015
18.03.2014
-
-
STATE OIL CO AZE
SOIAZ 5.45 02/09/17
101.04 +0.36 %
100.32
101.76
4.91
1.94
Sr Unsecured
N
9.84
USD
BB+/BBB-/Ba1
2.36
09.02.2015
09.02.2012
-
-
STATE OIL CO AZE
SOIAZ 4 3/4 03/13/23
90.33 +2.75 %
89.56
91.10
6.28
6.66
Sr Unsecured
N
21.57
USD
BB+/BBB-/Ba1
1.61
13.03.2015
13.03.2013
-
-
BANK OF GEORGIA
GEBGG 7 3/4 07/05/17
102.55 -0.12 %
101.87
103.22
6.61
2.30
Sr Unsecured
N
4.31
USD
BB-/BB-/Ba3
0.22
05.07.2015
05.07.2012
-
-
GEORGIA REP OF
GEORG 6 7/8 04/12/21
106.36 +2.72 %
105.60
107.12
5.65
5.13
Unsecured
N
8.80
USD
BB-/BB-/Ba3
1.78
12.04.2015
12.04.2011
-
-
GEORGIAN OIL
GEOROG 6 7/8 05/16/17
101.01 -0.67 %
100.01
102.02
6.40
2.18
Sr Unsecured
N
5.51
USD
B+/BB-/-
1.13
16.05.2015
16.05.2012
-
-
GEORGIAN RAILWAY
GRAIL 9 7/8 07/22/15
103.50 +0.03 %
102.50
104.50
3.03
0.50
Sr Unsecured
N
3.90
USD
BB-/BB-/-
4.75
22.01.2015
22.07.2010
-
-
GEORGIAN RAILWAY
GRAIL 7 3/4 07/11/22
103.96 +0.24 %
103.20
104.71
7.06
5.85
Sr Unsecured
N
7.03
USD
BB-/BB-/-
0.09
11.07.2015
05.07.2012
-
-
REPUBLIC OF BELA
BELRUS 8 3/4 08/03/15
95.75 +2.96 %
95.01
96.50
17.14
0.53
Sr Unsecured
N
9.38
USD
B-/-/B3
3.94
03.02.2015
03.08.2010
-
-
REPUBLIC OF BELA
BELRUS 8.95 01/26/18
90.84 +5.36 %
89.81
91.86
12.68
2.58
Sr Unsecured
N
17.51
USD
B-/-/B3
4.20
26.01.2015
26.01.2011
-
-
-
#ЗНАЧ!
-
-
Azerbaijan
-
CIS
© 2014 ООО «УНИВЕР Капитал»
13
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Russain Sovereign, Financial Institutions
капитал
60
Yield
STRATEGY
50
RCCF 7 3/4 05/31/16
RBNRL 6 1/2 11/01/17
RCCF 13 1/2 06/21/18
40
RCCF 13 1/2 05/22/19
30
STPETE 11 10/24/18
GPBRU 7 7/8 04/29/49
CRBKMO 8.7 11/13/18
GPBRU 8.617 12/15/15
GPBRU 7 7/8 07/25/16
ALFARU 8 5/8 04/26/16
20
AIZK 7 3/4 02/13/18
STPETE 10 3/4 04/22/19
AKBARS 8 07/13/22
NMOSRM 10 04/26/19
GPBRU 7.496 12/28/23
EURDEV 8 10/05/17
STPETE 7.63 07/25/17
CRBKMO 7.7 02/01/18
BKMOSC 6.02 05/10/17
GPBRU 7 1/4 05/03/19
AKBARS 8 3/4 11/19/15
GPBRU 5 1/8 05/13/24
ALFARU 6.3 02/22/17
BKMOSC 5.967 11/25/15
GPBRU 5 5/8 05/17/17
ALFARU 7 1/2 09/26/19
GPBRU 3 3/8 08/05/15
ALFARU 7 3/4 04/28/21
ABHFIN 4 01/16/18
FCFIN 8 1/2 11/15/19
BKMOSC 6.699 03/11/15
ALFARU 7 7/8 09/25/17
RUSSIA 11 07/24/18
EURDEV 5 09/26/20
RUSSIA 3 1/2 01/16/19
ALFARU 8 03/18/15
RUSSIA 3 1/4 04/04/17
RUSSIA 3 5/8 09/16/20
RUSSIA 5 04/29/20
RUSSIA 7.85 03/10/18
RUSSIA 7 1/2 03/31/30
GPBRU 7.35 05/08/16
RUSSIA 3 5/8 04/29/15
ABHFIN 5 1/2 06/10/17
GPBRU 4 1/4…
10
GPBRU 4.96 09/05/19
GPBRU 4 07/01/19
EURDEV 4.767 09/20/22
RUSSIA 5 7/8 09/16/43
RUSSIA 12 3/4 06/24/28
RUSSIA 4 7/8 09/16/23
RUSSIA 4 1/2 04/04/22
RUSSIA 5 5/8 04/04/42
0
0
2
4
6
8
10
12
14
Duration
Russian Sover eign
© 2014 ООО «УНИВЕР Капитал»
Financial Institutions
14
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Financial Institutions
капитал
60
RUSB 7.561 12/01/16
RUSB 7.73 12/16/15
Yield
STRATEGY
50
RUSB 11 1/2 01/17/24
RUSB 10 3/4 04/10/18
RSHB 6 06/03/21
40
RUSB 9 1/4 07/11/17
RSHB 6.299 05/15/17
RENSEC 11 04/21/16
VTB 7 1/2 12/11/17
SBERRU 7 01/31/16
PROBUS 11 3/4 05/10/16
VEBBNK 5 1/8 05/27/16
MBRDRU 7.93 03/10/16
30
RSHB 5.298 12/27/17
AKBHC 14 06/06/18
VEBBNK 3.035 02/21/18
PROMBK 10 1/2 07/30/21
RSHB 8 5/8 02/17/17
PROMBK 11 1/4 07/08/16
PROMBK 12 3/4 05/27/15
HCFBRU 9 3/8 04/24/20
RSHB 7 7/8 02/07/18
NMOSRM 8 3/4 10/21/15
20
VTB 6 7/8 05/29/18
SBERRU 7.4 03/04/18
NMOSRM 7 1/4 04/25/18
VEBBNK 3 3/4 02/17/16
RSHB 3 1/8 08/17/15
VTB 3.15 12/16/16
PROMBK 8 1/2 04/25/17
RSHB 3.6 02/04/16
FEIBNK 9 11/14/16
AKBHC 10 3/4 09/18/15
VTB 5.01 09/29/15
VOSEXP 12 05/29/19
VEBBNK 4.224 11/21/18
VTB 9 1/2 12/29/49
VTB 5 10/24/24
VEBBNK 6.902 07/09/20
VTB 6.551 10/13/20
RSHB 8 1/2 10/16/23
VTB 4 1/4 02/15/16
VTB 6 04/12/17
VEBBNK 5.942 11/21/23
SBERRU 5 1/8 10/29/22
VEBBNK 4.032 02/21/23
UBRIR 12 12/27/18
SBERRU 5.18 06/28/19
VTB 6 1/4 06/30/35
VTB 5 11/17/15
SBERRU 3.1 09/14/15
VEBBNK 5 3/8 02/13/17
SBERRU 5.4 03/24/17
VTB 6.465 03/04/15
SBERRU 2.065 02/28/17
0
SBERRU 3.3524 11/15/19
VTB 2.9 05/25/18
RSHB 7 3/4 05/29/18
VTB 6.315 02/22/18
VEBBNK 5.45 11/22/17
TRACAP 7.74 07/18/17
VOSEXP 8.17 06/27/17
SBERRU 5 1/4 05/23/23
PROMBK 12 1/2 12/24/49
VTB 6.95 10/17/22
VEBBNK 6.025 07/05/22
RSHB 5.1 07/25/18
10
SBERRU 5.499 07/07/15
NMOSRM 10 12/17/19
PROMBK 10.2 11/06/19
HCFBRU 10 1/2 04/19/21
SBERRU 5 1/2 02/26/24
VEBBNK 6.8 11/22/25
SBERRU 6 1/8 02/07/22
SBERRU 5.717 06/16/21
SBERRU 4.95 02/07/17
0
1
2
3
4
5
6
7
8
Duration
Financial Institutions
© 2014 ООО «УНИВЕР Капитал»
15
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Oil & Gas
капитал
35
30
25
NVTKRM 7 3/4 02/21/17
20
BORFIN 7 5/8 09/26/18
LUKOIL 6.356 06/07/17
Yield
STRATEGY
VOSTOK 7 05/04/20
LUKOIL 3.416 04/24/18
LUKOIL 7 1/4 11/05/19
ROSNRM 3.149 03/06/17
15
EDCLLI 4 7/8 04/17/20
GAZPRU 3.85 02/06/20
NVTKRM 6.604 02/03/21
TMENRU 6 1/4 02/02/15
TMENRU 6 5/8 03/20/17
LUKOIL 2 5/8 06/16/15
10
SIBNEF 4 3/8 09/19/22
SIBNEF 6 11/27/23
TMENRU 7 7/8 03/13/18
TMENRU 7 1/4 02/02/20
SIBUR 3.914 01/31/18
TMENRU 7 1/2 07/18/16
NVTKRM 5.326 02/03/16
SINEK 7.7 08/03/15 GAZPRU 4.95 05/23/16
GAZPRU 5.092 11/29/15
GAZPRU 4.3 11/12/15
GAZPRU 9 1/4 04/23/19
SIBNEF 2.933 04/26/18
TNEFT 8.7 08/07/18
GAZPRU 8.146 04/11/18
GAZPRU 5 7/8 06/01/15
GAZPRU 7.288 08/16/37
GAZPRU 4.364 03/21/25
GAZPRU 3.6 02/26/21
GAZPRU 5.999 01/23/21
LUKOIL 6 1/8 11/09/20
ROSNRM 4.199 03/06/22
GAZPRU 4.95 07/19/22
GAZPRU 3.389 03/20/20
GAZPRU 6.605 02/13/18
GAZPRU 8 1/8 02/04/15
GAZPRU 5.44 11/02/17
0
0
GAZPRU 8 5/8 04/28/34
GAZPRU 4.95 02/06/28
LUKOIL 4.563 04/24/23
GAZPRU 2.85 10/25/19
GAZPRU 5.136 03/22/17
GAZPRU 3.755 03/15/17
GAZPRU 6.212 11/22/16
5
NVTKRM 4.422 12/13/22
GAZPRU 5.338 09/25/20
GAZPRU 3.7 07/25/18
2
4
LUKOIL 6.656 06/07/22
GAZPRU 6.51 03/07/22
6
8
10
12
Duration
Oil & Gas
© 2014 ООО «УНИВЕР Капитал»
16
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Diversified Chemicals, Metals & Mining, Energy
капитал
25
FEESRM 8.446 03/13/19
HYDRRM 7 7/8 10/28/15
15
Yield
STRATEGY
20
KZOSRU 10 03/19/15
EUCHEM 5 1/8 12/12/17
10
URKARM 3.723 04/30/18
PHORRU 4.204 02/13/18
CHMFRU 5.9 10/17/22
GMKNRM 5.55 10/28/20
5
ALRSRU 7 3/4 11/03/20
TRUBRU 6 3/4 04/03/20
METINR 5 5/8 04/17/20
EVRAZ 6 1/2 04/22/20
EVRAZ 6 3/4 04/27/18
GMKNRM 4 3/8 04/30/18
NORDLI 6 3/8 05/07/18
EVRAZ 9 1/2 04/24/18
CHMFRU 6 1/4 07/26/16
EVRAZ 7.4 04/24/17
CHMFRU 4.45 03/19/18
CHMFRU 6.7 10/25/17
NLMKRU 4.45 02/19/18
TRUBRU 7 3/4 01/27/18
METINR 6 1/2 07/21/16
NLMKRU 4.95 09/26/19
PGILLN 5 5/8 04/29/20
RASPAD 7 3/4 04/27/17
KOKSRU 7 3/4 06/23/16
CHMFRU 1 09/24/17
EVRAZ 8 1/4 11/10/15
TRUBRU 5 1/4 02/11/15
0
0
5
10
15
20
25
30
Duration
Metals & Mining
© 2014 ООО «УНИВЕР Капитал»
Energy
Diversified Chemicals
17
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Construction, Telecom & Media, Transport
капитал
45
FESHRU 8 05/02/18
35
FESHRU 8 3/4 05/02/20
30
VIP 9 02/13/18
25
Yield
STRATEGY
40
RURAIL 8.3 04/02/19
20
AFKSRU 6.95 05/17/19
15
DMEAIR 6 11/26/18
SCFRU 5 3/8 10/27/17
VIP 6.2546 03/01/17
VIP 8 1/4 05/23/16
VIP 6.493 02/02/16
VIP 9 1/8 04/30/18
RURAIL 2.177 02/26/18
10
VIP 5.2 02/13/19
RURAIL 5.739 04/03/17
VIP 7.748 02/02/21
MOBTEL 8 5/8 06/22/20
VIP 7.5043 03/01/22
VIP 5.95 02/13/23
RURAIL 2.73 02/26/21
RURAIL 4.6 03/06/23
RURAIL 3.3744 05/20/21
5
RURAIL 7.487 03/25/31
MOBTEL 5 05/30/23
RURAIL 5.7 04/05/22
0
0
1
2
3
4
Construction
© 2014 ООО «УНИВЕР Капитал»
5
Duration
Telecom & Media
18
6
7
8
9
10
Transport
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Ukraine
капитал
120
100
Yield
STRATEGY
METINV 10 1/4 05/20/15
PRBANK 9 3/8 09/23/15
EXIMUK 5.79275 02/09/16
AVINPU 10 10/29/15
PRBANK 5.799 02/09/16
80
CITKIE 8 11/06/15
OSCHAD 8 1/4 03/10/16
UKRAIN 4.95 10/13/15
UKRAIN 6 7/8 09/23/15
60
PRBANK 10 7/8 02/28/18
CITKIE 9 3/8 07/11/16
METINV 8 3/4 02/14/18
UKRLAN 10 7/8 03/26/18
UKRAIN 6 1/4 06/17/16
40
UKRAIN 6.58 11/21/16
FXPOLN 7 7/8 04/07/16
UKRINF 9 12/07/17
DTEKUA 7 7/8 04/04/18
UKRAIN 9 1/4 07/24/17
UKRAIN 6 3/4 11/14/17
UKRINF 7.4 04/20/18
MHPSA 10 1/4 04/29/15
UKRAIN 5 12/20/15
20
UKRAIN 7 3/4 09/23/20
PUMBUZ 11 12/31/18
RAILUA 9 1/2 05/21/18
UKRAIN 7.8 11/28/22
UKRAIN 7.95 02/23/21
UKRAIN 7 1/2 04/17/23
MHPSA 8 1/4 04/02/20
OSCHAD 8 7/8 03/20/18
EXIMUK 8 3/4 01/22/18
NADRA 6 1/4 07/31/18
UKRINF 8 3/8 11/03/17
0
0
1
2
3
4
5
6
Duration
Ukraine
© 2014 ООО «УНИВЕР Капитал»
19
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Kazakhstan
капитал
90
80
BTASKZ 7.2 07/01/25
70
60
ALLIBK 4.7 03/25/20
KKB 9.2 11/29/49
50
Yield
STRATEGY
BTASKZ 6 3/4 07/01/25
BTASKZ 3.7 07/01/21
40
BTASKZ 0 06/30/20
ATFBP 10 11/29/49
30
KZOKZ 7 05/05/20
CCBNKZ 9 1/8 03/29/49
DBKAZ 6 1/2 06/03/20
KZTGKZ 6 3/8 05/14/17
KTZKZ 6 3/8 10/06/20
KKB 6 7/8 02/13/17
20
KZOKZ 6 3/8 04/09/21
ZHAIK 6 3/8 02/14/19
KKB 6.765 07/27/16
KKB 8 1/2 05/11/18
KKB 5.95 06/13/17
KKB 7 1/2 11/29/16
ATFBP 9 05/11/16
TEMIR 14 06/30/22
ZHAIK 7 1/8 11/13/19
KKB 8 11/03/15
EASTCM 7 3/4 04/22/18
KZAPKZ 6 1/4 05/20/15
HSBKKZ 7 1/4 01/28/21
HSBKKZ 7 1/4 05/03/17
KZOKZ 9 1/8 07/02/18
KAZNMH 3.255 05/22/19
DBKAZ 5 1/2 12/20/15
SAMRUK 3 3/4 12/20/17
KTZKZ 7 05/11/16
10
KTZKZ 6.95 07/10/42
KAZNMH 4 5/8 05/24/23
DBKAZ 4 1/8 12/10/22
DBKAZ 6 03/23/26
KZOKZ 4.4 04/30/23
KAZAKS 3 7/8 10/14/24
KZOKZ 5 3/4 04/30/43
KAZAKS 4 7/8 10/14/44
KZOKZ 11 3/4 01/23/15
0
0
2
4
6
8
10
12
14
16
Duration
Kazakhstan
© 2014 ООО «УНИВЕР Капитал»
20
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Azerbaijan, CIS
капитал
18
REPUBLIC OF BELA
14
REPUBLIC OF BELA
12
10
Yield
STRATEGY
16
IBAZAZ 7 3/4 09/26/18
IBAZAZ 6.17 05/10/17
8
AZRAIL 8 1/4 02/18/16
GEORGIAN RAILWAY
BANK OF GEORGIA
IBAZAZ 0 11/03/16
6
GEORGIAN OIL
IBAZAZ 7.2 10/31/16
SOIAZ 4 3/4 03/13/23
GEORGIA REP OF
AZERBJ 4 3/4 03/18/24
SOIAZ 5.45 02/09/17
4
GEORGIAN RAILWAY
2
0
0
1
2
3
4
5
6
7
8
Duration
Azerbaijan
© 2014 ООО «УНИВЕР Капитал»
CIS
21
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Watch List YTM Comparison
капитал
15
20.5
13
16.5
11
YTM
14.5
YTM
STRATEGY
18.5
12.5
9
10.5
7
8.5
5
6.5
4.5
мар 14
июн 14
сен 14
3
мар 14
дек 14
июн 14
сен 14
дек 14
SIBNEF 4 3/8 09/19/22
LUKOIL 6.656 06/07/22
ROSNRM 4.199 03/06/22
VEBBNK 6.025 07/05/22
SBERRU 6 1/8 02/07/22
SIBNEF 6 11/27/23
LUKOIL 6.656 06/07/22
SBERRU 6 1/8 02/07/22
VTB 6.95 10/17/22
ROSNRM 4.199 03/06/22
NLMKRU 4.95 09/26/19
GMKNRM 4 3/8 04/30/18
© 2014 ООО «УНИВЕР Капитал»
22
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
Eurobonds Weekly
January 13, 2015
УНИВЕР
Watch List Price & Z-speads
капитал
ROSNRM 4.199 03/06/22 - LUKOIL 6.656 06/07/22
SBERRU 6 1/8 02/07/22 - VTB 6.95 10/17/22
2500
0
-20
STRATEGY
2000
0
07.2014
SIBNEF 6 11/27/23 - ROSNRM 4.199 03/06/22
900
08.2014
09.2014
10.2014
11.2014
12.2014
800
-500
1200
30
1000
20
700
-40
1500
-60
-1000
600
500
-1500
10
800
0
600
-10
400
1000
-80
500
-100
-2000
300
200
-2500
400
-20
200
-30
100
0
07.2014
-120
08.2014
09.2014
10.2014
Pri ce spread
11.2014
12.2014
-3000
Z-spread Delta (п.ш.)
Pri ce spread
2500
2000
500
-100
400
-150
300
500
-200
200
400
-250
100
-300
0
-90
Ряд1
© 2014 ООО «УНИВЕР Капитал»
Ряд2
12.2014
EVRAZ 6 3/4 04/27/18 - GMKNRM 4 3/8 04/30/18
600
-80
11.2014
Z-spread Delta (п.ш.)
-50
-70
500
12.2014
0
-60
10.2014
Pri ce spread
11.2014
1400
-50
1000
10.2014
1600
-40
09.2014
Z-spread Delta (п.ш.)
09.2014
-10
-30
1500
-40
08.2014
0
-20
08.2014
0
07.2014
SBERRU 6 1/8 02/07/22 - VEBBNK 6.025 07/05/22
SIBNEF 4 3/8 09/19/22 - LUKOIL 6.656 06/07/22
0
07.2014
0
900
800
700
1200
1000
600
800
600
400
200
200
0
07.2014
300
-350
08.2014
09.2014
10.2014
Pri ce Spre ad
11.2014
12.2014
Z-spread Delta (п.ш.)
23
-100
07.2014
100
0
08.2014
09.2014
10.2014
Pri ce spread
11.2014
12.2014
Z-spread delta (п.ш.)
Источник: Bloomberg, данные компаний, оценки УНИВЕР Капитал
CONTACTS
УНИВЕР
CONTACTS
капитал
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© 2014 ООО «УНИВЕР Капитал»
24