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30 Apr 2020

Bid book to sell RUB10bn worth of Belarusian government bonds ready

Bid book to sell RUB10bn worth of Belarusian government bonds ready
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MINSK, 30 April (BelTA) – The Finance Ministry has put together a bid book for selling Belarusian government bonds worth RUB10 billion with the maturity period of five years on the Russian financial market, BelTA has learned.

Belarusian Finance Ministry representatives said that despite a number of uncertainties lingering on financial markets amid the pandemic the Belarusian government bonds met a strong interest on the part of Russian banks, investment, and brokerage companies. The bid book contains over 40 bids. The demand on the part of natural persons amounted to RUB1.3 billion.

The maturity period has been raised from three to five years in comparison with the bonds floated in 2019. The coupon rate has been set at 8.5%, which is the minimum figure for Belarusian flotations on the Russian financial market.

The technical flotation of the bonds via Moscow Exchange will begin on 7 May.

The issue of the bonds has been organized by the Russian banks Gazprombank, Sovcombank, and Otkritie Bank. The Eurasian Development Bank is a co-organizer of the issue.

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