Global Markets and Investment Banking

Fixed Income Sales and Trading

Troika Dialog is Russia’s leading provider of secondary bond market trading, as confirmed by the company’s numerous awards in this area (2nd place in the nomination “Best Debt Sales,” Cbonds Awards, 2010 and 2009, 1st place in the same nomination in 2007; “Best Trading Department,” NAUFOR competition “Stock Market Elite 2009,” “Best Brokerage House in Russia in 2010,” rating by EmeaFinance Magazine 2010, “Best Brokerage House in Russia” according to “Thomson Reuters Extel Pan-Europe 2010 Survey”). Troika Dialog is one of the biggest traders on the secondary ruble bond market, accounting on average for 15% of trading volumes in debt instruments and 13% of turnover on REPO operations (data for 2008-2010). Troika Dialog also participates actively in the secondary eurobond market. We maintain firm quotes on all liquid bonds traded by our company (these can be found on the TRDB page on Bloomberg, and the TRDBONDS page on Reuters, as well as our website). In addition, we offer clients a broad range of services, including settlements and clearing in leading international systems.

Troika Dialog’s Fixed Income Sales is one of the largest in the CIS. We have working contacts with major Western funds whose aggregate assets total more than $2.5 trillion. Troika Dialog’s regional network spans 21 Russian cities, Kiev, Almaty and Cyprus, as well as the world’s financial centers (London, New York) leading to an ever-greater base of potential investors.

Our fixed income specialists working in the Global Markets Division benefit from the unrivaled knowledge of local and international markets of Troika Dialog Research. Specifically, clients are provided with daily and weekly reviews on the bond market, materials on credit risks of corporate ruble bond issuers, as well as special macroeconomic reports providing detailed analysis and forecasts on the economic situation in Russia.