Corporate bond market amounts to RUB 8,750.98bn and corporate Eurobond market reaches USD 137.11bn as of December 1 - Cbonds press release

December 05, 2016 - Cbonds


Corporate Bond Indices

The Russian corporate bond market volume gained 0.9% month-on-month as of December 1. Total issuance reached RUB 8,750.98bn (the unredeemed par value of corporate bonds amounted to RUB 8,445.73bn) with RUB 2,058.5bn in bonds sold by banks, RUB 1,912.48bn raised by oil and gas companies, RUB 1,830.76bn raised by financial institutions, and RUB 2,949.24bn raised by issuers representing other sectors of the Russian economy. There are now 1,234 bond issues outstanding in the market. They were issued by 383 issuers. 14 new issuers tapped the market in November having raised RUB 676.53bn in the framework of 36 bond issues.

Securitization and Mortgage-Backed Bond Market Indices

The mortgage-backed bond market volume stood at RUB 603.41bn as of December 1 (the unredeemed par value of mortgage-backed bonds amounted to RUB 407.39bn) matching the level of the previous month. The local ABS market amounted to RUB 512.52bn (the unredeemed par value of ABS amounted to RUB 337.32bn). There were no new issues in this market in November.

Municipal Bond Indices

There were 9 new placements worth RUB 67.23bn in the municipal debt segment in November. As of December 1 the municipal bond market volume stood at RUB 611.27bn (the unredeemed par value of municipal bonds amounted to RUB 448.28bn). 44 subjects of the Russian Federation have 118 outstanding bond issues now.

Russian Eurobond Market Indices

A total of 4 new Eurobonds were sold by Russian issuers in November. The overall Eurobond market volume is USD 185.98bn (including sovereign debt) with USD 48.87bn worth of sovereign Eurobonds; USD 137.11bn worth of corporate Eurobonds; there were no municipal Eurobonds outstanding as of December 1.

Government Bond Market Indices

In November the Finance Ministry held 8 OFZ auctions and sold two OFZ taps with the sold bond amount at par reaching RUB 89.51bn. As of December 1 Russia's domestic debt in the form of government bonds totalled RUB 5,984.42bn amounting to 101.3% of the last month's figure. According to Cbonds estimates, the total OFZ volume stood at 5,481.87bn as of December 1 with RUB 2,988.44bn accounting for OFZ-PD, RUB 1,650.0bn for OFZ-PK, RUB 680.06bn for OFZ-AD, and RUB 163.36bn for OFZ-IN.
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