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Plans to sell Belarusian government bonds in Russia in 2018-2020
MINSK, 31 July (BelTA) – An agreement on providing services to organize the emission of Belarusian government bonds nominated in the Russian Federation currency and issued in Russia was signed in Minsk on 31 July, BelTA learned from the Belarusian Finance Ministry website.
The agreement was signed by the Belarusian Finance Ministry, the Russian banks Gazprombank, Sovcombank, Otkritie Bank, and the Eurasian Development Bank.
In line with the agreement Gazprombank, Sovcombank, and Otkritie Bank will be organizers. The Eurasian Development Bank will act as a co-organizer in floating Belarusian long-term government bonds on the Russian financial market in 2018-2020.
The bonds will be sold via the Moscow Exchange. The terms have yet to be determined together with the organizers.
The Belarusian Finance Ministry intends to penetrate the Russian market as part of the efforts to diversify the investor base and borrowing instruments.
In 2010 Belarus floated two-year non-convertible interest-bearing documentary government bonds worth RUB7 billion via the Moscow Exchange. The coupon rate was 8.7% per annum. The issue was organized by Alfa Bank, Gazprombank, and Sberbank of Russia.
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