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UFS Investment Company - Daily review of the debt markets, Aug 28, 2012.

Markets

Russian Eurobonds were traded flat yesterday due to the absence of important statistics. Dynamics in most bonds didn't exceed 0.1%.

(To view the original document, please click on the link below:

http://reports.aiidatapro.com/brokers/UFSen/28.08.2012.pdf)

OFZ market again showed no single dynamics. Buyers prevailed in ruble corporate bond market with increased trading activity.

American indices closed down yesterday. S&P500 decreased 0.05%; Dow Jones sank 0.25%. Meanwhile, Brazilian index Bovespa edged down 0.54%.

European indices finished down as well. FUTSEE 100 lost 0.34%, DAX settled down 0.67%, while French CAC 40 fell 0.67%.

By the end of trading yesterday the contract for Light Sweet lost 0.71%, while Brent decreased 1.17%. Today Light Sweet is traded at $95.64 (+0.18%); Brent is $112.69 (+0.38%). The spread between Brent and Light Sweet narrowed to $17.05.

Precious metals are traded with moderately negative dynamics. Gold is $1660.2 per troy ounce; white metal sank to $30.6488. AU/AG ratio rose to 54.17.

Key statistics today:

US Consumer Confidence (18:00);

Richmond Manufacturing Index (18:00).

News and Statistics

USA

Dallas Fed Index rose in August to -1.6 p. from -13.2 p. a month before. Analysts were more pessimistic and predicted -6.5 p. Surveyed companies have negatively assessed the current economic situation: manufacturing index and new orders index have worsened in August. Expectations have, on the contrary, improved.

Corporate news

MMK ([ETH][ETH][degrees]3/Withdrawn/[ETH][ETH]+) is going to place 3 issues in the total amount of 20 billion rubles. The circulation period is 3 years. Series 18 and 19 will total 5 billion rubles; the volume of Series 20 will amount to 10 billion rubles.

Novosibirsk Tin Works (NOK) (-/-/-) has entered e technical default on Series 3 on August 28. The debt for the 6th coupon payment in money terms exceeds 13 million rubles; coupon is 62.33 rubles per bond. The coupon has not been fully paid in connection with introduction of bankruptcy proceeding (observation) in relation to the company.

(More: http://reports.aiidatapro.com/brokers/UFSen/28.08.2012.pdf )

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Tel.: General: +7 (495) 781 02 02

Fax: +7 (495) 781 73 07

e-mail: research@ufs-federation.com, http://en.ufs-federation.com
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Publication:Russian Banks and Brokers Reports
Date:Aug 29, 2012
Words:407
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