rf28

 

XS0088543193

RUSSIA

57

60

russia

 

ISIN	Security	BID	OFFER
RU000A0JWHA4	RUSSIA	45	48
RU000A0JXTS9	RUSSIA	46	49
RU000A0JXU14	RUSSIA	44	47
RU000A0ZZVE6	RUSSIA	45	48
RU000A102CK5	RUSSIA	45	48
RU000A0ZYYN4	RUSSIA	45	48
RU000A102CL3	RUSSIA	45	48
RU000A1006S9	RUSSIA	45	48
RU000A1034K8	RUSSIA	45	48
XS0971721450	RUSSIA	59	62
XS0088543193	RUSSIA	57	60
XS0114288789	RUSSIA	59	62
XS0767473852	RUSSIA	52	55
XS0971721963	RUSSIA	50	53

illiquid

 

Venezuela

U.S. court upholds Conoco's $8.7 billion award for loss of Venezuela assets ConocoPhillips received a $8.75 billion award from a tribunal for the seizure of its Venezuelan oil assets, and a U.S. court supported that decision. According to sources, the decision was partly influenced by Venezuela's lack of legal representation. Venezuela shortly after refused the decision of the judge and will potentially appeal.   Citgo no longer needs Venezuelan oil because it invested in changing the refining pattern The operating results of Citgo, the subsidiary of Petróleos de Venezuela (PDVSA) in the United States, indicate that already for the first half of 2022 the objective of not depending on heavy crudes such as those produced in Venezuela and whose alternative was in the supply of Mexico or Colombia as was done at the beginning of 2019, was achieved.  In the case of the Lake Charles refinery, a level of processing of US light crudes of 97% has been achieved and in Corpus Chirti it reached 61%. These percentages mean that a scheme that on average was 60% of Venezuelan heavy crude versus 40% of North American light crude was reversed.   Central Bank of Venezuela surprises with sale of US$200 million to the Bank to defend exchange rate anchorage The Central Bank of Venezuela (BCV) decided to intervene, this Thursday, in the exchange market with a sale of 200 million dollars to the Bank, to give a blow of effect that allows to contain the strong upward trend of the exchange rate, both in the official market and in the parallel.   Venezuela and Colombia resume diplomatic relations On Monday, Colombia's new ambassador to Venezuela, Armando Benedetti, presented his credentials to the President of the Republic, Nicolás Maduro amid the restoration of diplomatic relations between the two countries that began this month, after being interrupted since 2019.

Credit  Type / ISIN BID ASK Venezuela VENZ 13 5/8 08/15/18 8.5 9.5 Venezuela VENZ 9 ¼ 09/15/27 8.5 9.5 Venezuela VENZ 7 3/4 10/13/19 8 9 Venezuela VENZ 6 12/09/20 8 9 Venezuela VENZ 12 3/4 08/23/22 8.25 9.25 Venezuela VENZ 9 05/07/23 8 9 Venezuela VENZ 8 1/4 10/13/24 8 9 Venezuela VENZ 7.65 04/21/25 8 9 Venezuela VENZ 11 3/4 10/21/26 8.25 9.25 Venezuela VENZ 9 1/4 05/07/28 8 9 Venezuela VENZ 11.95 08/05/31 8.25 9.25 Venezuela VENZ 9 3/8 01/13/34 8.25 9.25 Venezuela VENZ 7 03/31/38 8 9 Venezuela ICSID Claims Call desk for Prices PDVSA PDVSA 8 1/2 10/27/20 15 20 PDVSA PDVSA 9 11/17/21 4 5 PDVSA PDVSA 12 3/4 02/17/22 4 5 PDVSA PDVSA 6 10/28/22 2.5 3.5 PDVSA PDVSA 6 05/16/24 3.5 4.5 PDVSA PDVSA 6 11/15/26 3.5 4.5 PDVSA PDVSA 5 3/8 04/12/27 3.5 4.5 PDVSA PDVSA 9 3/4 05/17/35 3.5 4.5 PDVSA PDVSA 5 1/2 04/12/37 3.5 4.5 PDVSA Promissory Notes Call desk for Prices PDVSA Trade Receivables Call desk for Prices

* Indicative price for positions with institutional size only. For smaller sizes please call desk

Argentina

Ted Cruz Urges Sanctions on Argentina’s Vice President Kirchner US Senator Ted Cruz requested the State Department to put sanctions on Cristina Fernandez de Kirchner, the vice president of Argentina, in response to charges of corruption made by a local prosecutor. The Texas Republican wrote last Thursday to Secretary of State Antony Blinken that the claims against Kirchner, who formerly served as president of Argentina from 2007 to 2015, are "public, credible, and now backed by Argentina's court system."   Argentina Sold ARS286B in Local Notes: Economy Ministry According to a statement from the Economy Ministry sent via email, Argentina sold 286 billion pesos worth of liquidity notes, discount notes, and CPI-linked notes during a local auction.

Credit Type / ISIN BID ASK Argentina ARGENT 0 1/2 07/09/30 23.3 24.2 Argentina ARGENT 1 07/09/29 22.4 24.4 Argentina ARGENT 1 1/8 07/09/35 22.2 22.7 Argentina ARGENT 2 1/2 07/09/41 26.1 26.5 Argentina ARGENT 2 01/09/38 27.3 28.5 Argentina ARGENT 1 1/8 07/09/46 22.7 24.2 Province of Buenos Aires BUENOS 3.9 09/01/37 30.7 36.1 Province of Buenos Aires BUENOS 2.85 09/01/37 26.6 33 Province of Buenos Aires BUENOS 3 1/209/01/37 23.7 31.4 Province of Buenos Aires BUENOS 3 09/01/37 21.2 29.4 Province of Buenos Aires BUENOS 2 09/01/37 22.2 25.2 Province of Buenos Aires BUENOS 2 1/209/01/37 24.8 30.3 YPF YPFDAR 8 1/2 07/28/25 71.9 76.9 YPF YPFDAR 8 3/4 04/04/24 83.6 88.1 YPF YPFDAR 6.95 07/21/27 60.2 64.4 YPF YPFDAR 7 12/15/47 49.5 56.3 YPF YPFDAR 8 1/2 06/27/29 62.9 67.1

* Indicative price for positions with institutional size only. For smaller sizes please call desk

Ethiopia

Ethiopian – Tigray conflict resumed in Tigray after five months truce. Fighting between Ethiopian troops and Tigray forces erupted on August 24th, ending a five-month humanitarian cease-fire, after an aircraft dropped bombs on a civilian residential area. The resumption of fighting will hamper efforts by Ethiopia’s government to improve relations with international financiers, as it awaits an IMF loan amid efforts to revamp its debt, The nation’s Eurobonds have slumped since hostilities started on Wednesday, with the yield on its 2024 debt up more than 300 basis points to 36.06% by Friday.

Lebanon

Ziad Alexandre Hayek announced his candidacy for Lebanon presidency. Three years after the start of the financial crisis and taking the decision on defaulting their $1.2 Bn Eurobond by March 9th 2020, Ziad Alexandre Hayek announced his candidacy for the presidency in presence of economic, human rights and media experts. Hayek was nominated to be President of the World Bank in February 2019, and currently Vice Chair of the Bureau of the United Nations Economic Commission for Europe Working Party on PPP (public-private partnerships), President of the World Association of PP Units & Professionals, Member of the Investment Committee of World YMCA, among others.  Nevertheless, the MPS will decide who will be replacing Michel Aoun as Lebanon’s president on October 31, 2022.

Credit Type / ISIN BID ASK Lebanon LEBAN 6 3/8 03/09/20 5.2 10.1 Lebanon LEBAN 8 1/4 04/12/21 7 8 Lebanon LEBAN 7 1/4 03/23/37 7.2 8.8 Lebanon LEBAN 6.65 02/26/30 7.2 8.4 Lebanon LEBAN 6.6 11/27/26 7.3 8.2 Lebanon LEBAN 6 01/27/23 7.1 8.2 Lebanon LEBAN 6.65 04/22/24 7.1 8.4 Lebanon LEBAN 6.1 10/04/22 7.1 8.2 Lebanon LEBAN 6.85 03/23/27 7.3 8.2 Lebanon LEBAN 5.8 04/14/20 7 8 Lebanon LEBAN 6.65 11/03/28 7.1 8.2 Lebanon LEBAN 6.2 02/26/25 7.1 8.2 Lebanon LEBAN 6 3/4 11/29/27 7.1 8.2 Lebanon LEBAN 6 1/4 11/04/24 7.1 8.2 Lebanon LEBAN 6.15 06/19/20 7 8 Lebanon LEBAN 6.85 05/25/29 7.4 8.2 Lebanon LEBAN 7.05 11/02/35 7.3 8.4 Lebanon LEBAN 7.15 11/20/31 7.1 8.3 Lebanon LEBAN 7 03/23/32 7.3 8.2 Lebanon LEBAN 6 1/4 06/12/25 7.4 8.2

* Indicative price for positions with institutional size only. For smaller sizes please call desk

Sri Lanka

Sri Lanka - IMF talks begin for bailout package  The second visit from the IMF in the past three months took place on August 24th, aiming to finalise a $5 billion bailout package and secure a staff-level agreement for the cash-strapped country. Sri Lanka’s President, Ranil Wickremesinghe who is also the finance minister and Nandalal Weerasinghe participated in the meetings. One day before the meeting, Sri Lanka’s cabinet approved a budgetary framework where 9.9% of the GDP deficit in 2022 will be brough down to 6.9% by 2023.  The country owes $ 51 billion in foreign debts, $ 28 billion must be paid by 2027. According to the World Bank Sri Lanka has been ranked 5th with the highest food price inflation in the world, behind Zimbabwe, Venezuela, Turkey and Lebanon leading the list.

Credit Type / ISIN BID ASK Sri Lanka SRILAN 7.55 03/28/30 29.5 32 Sri Lanka SRILAN 5 3/4 04/18/23 30.4 33.4 Sri Lanka SRILAN 7.85 03/14/29 29.9 32.5 Sri Lanka SRILAN 6.2 05/11/27 29.9 32.5 Sri Lanka SRILAN 6.85 03/14/24 30 33

* Indicative price for positions with institutional size only. For smaller sizes please call desk

Suriname