Page 84 - IFR Opportunities in Russian capital markets

CHAPTER04
ifrintelligence reports/Opportunities in: Russian Capital Markets
Figure 4.5: Bond distribution, by sector, 1999–2005 (%)
% 100 90
Energy
Telecommuniactions Construction/mortgage Chemical and petrochemical Motor industry
Machine building Electric power Pulp and paper
80 Other
70 60 50
30
20
10 Food industry
0
Source: MDM
Metallurgy
Banks
40 Transportation
First tier
Figure 4.6: Primary market bond issues and redemptions, 2002–1H2005 (RUBbn)
40
35
30
25 Issues placed 20
Primary market supply, RUB bn Redemption volume, RUB bn
Source: MDM
15 10 5 0 –5
1999 2000
2001 2002 2003
2004 2005
Figure 4.7: Bond trading on secondary market, 2002–1H2005 (RUBbn)
140
OTC turnover, RUB bn
120 Exchange turnover, RUB bn 100 Number of trasactions (Rhs)
20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0
80 60 40 20
0
Source: MDM, NDC, CBONDS.INFO
2002 2003
2004 2005
77
Jan Apr Jul Oct Jan Apr Jul Oct Jan
Jan 2001 Apr
Jan Apr Apr Jul Jul Oct Jan Apr Jul Oct Jan Apr Jul
Oct Jan Apr
Jul
Oct
Jan 2002
Apr Jul
Oct 2003 Jan
Apr Jul
Oct 2004 Jan
Apr Jul
Oct 2005
1999
2000