Belarus’ Finance Ministry is launching its first government internet bonds. They will become available from June 22 through the online systems of Belarusbank and Belagroprombank.
The face value of a single bond from Issue No. 406 will be 200 rubles. The total volume of the issue is 50 million rubles. The bonds will have a three-year maturity and are scheduled to be redeemed on June 22, 2029.
The interest rate on the bonds is set at the National Bank refinancing rate plus 0.25 percentage points. At present, this amounts to 9.5% per annum.
Interest payments will be made every six months. The Finance Ministry will also conduct early bond buybacks every six months.
Earlier this year, the ministry began placing two issues of government dollar-denominated bonds with a combined volume of $50 million. On the Belarusian Currency and Stock Exchange system, bonds worth about $2.5 million remain unredeemed.
