The investment and finance company METROPOL organized a press-breakfast dedicated to the development of a bonds Index of the electric power industry
On June, 29th a press-breakfast dedicated to the emergence of a
new analytical product by IFC METROPOL – a bonds index of the
electric power industry – was held at Pushkin café.
The journalists representing the leading financial media took part
in the event. The speakers from IFC METROPOL were Arthur Plaude,
Managing director of debt instruments and derivatives department
and Pyotr Kadysh, head of debt instruments and derivatives
analytical division. Pyotr Kadysh inaugurated the business-related
part of the event by making a presentation of the METROPOL bonds
index for the electric power industry. He explained to the media
representatives the unique features of the Index whose mission is
to become a benchmark-index – an industry control index that would
allow tracking the performance of managing assets and investment
portfolios.
“IFC METROPOL is a market maker at the electric energy industry
bonds market; we are always aware of where the market is at any
given moment of time. We can combine both wide market coverage and
precise and accurate information with regard to all its components,
which has allowed us to come forward with a new prime-quality
product that the industry needs”, - emphasized Pyotr. He elaborated
on why the new product would undoubtedly be demanded by the market.
The present need of the product is determined by the fact that the
interest of the investors concerning the electrical energy industry
has been steadily increasing: the companies operating in this
industry have to commit resources for implementation of investment
programs and the debt capital market for them is an attractive
source of financing. More and more portfolios and co-op share funds
will include the electric energy industry securities.
This indicator was developed in accordance with the recommendations
given by the CFA Institute and it fully meets international
standards for building stock indices. The information on this
indicator is at the Bloomberg and Cbonds Internet resources as well
as on the company’s site in both graphical and archived data
register formats.
http://ib.metropol.ru/equity_research/fixed_income/index/index.wbp
Arthur Plaude in his turn told the journalists about the
directions of operatiing of IFC METROPOL’s debt instruments and
derivatives department and the main achievements of his department.
“Despite the fact that IFC METROPOL is a newcomer on the debt
instruments market, the company has already been able to obtain
substantial results. We are indeed a market maker with regard to
bonds of the electric energy industry companies; our market share
is estimated at 40%. We have made it to the top ten companies
considering the turnover at the Moscow inter-bank currency exchange
in terms of bonds and we have very ambitious plans regarding
entering the primary market. At present we are proud to have
participated in the issuance of bonds as a leading co-organizer and
underwriter. METROPOL has never acted as an organizer before but it
is only a matter of time”.
Pytotr Kadysh stated that at this moment the debt instruments
and derivatives analytical directorate specializes in two fields:
electric energy industry bonds sector and macroeconomic indicators
since the latter influence directly the debt instruments market:
“We have several products to offer: weekly and monthly
macroeconomic reviews and electric energy industry market reviews,
emitters reviews, investment ideas and macro reviews”.
The journalists were eager to ask questions regarding the Index
and other analytic products offered by IFC METROPOL, questions
regarding the company’s current activity at the debt instruments
market as well as questions with regard to future plans. The
representatives of the mass media were equally interested in the
opinions of the company’s experts regarding the development trends
of the Russian and international bonds markets and by the consensus
projections.
In general the meeting was conducted in a businesslike and friendly
atmosphere.
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