Изображение: Минфин
Belarus’ Finance Ministry has announced an auction for the placement of long-term government bonds denominated in Belarusian rubles.
The auction will be held on July 14 through the Belarusian Currency and Stock Exchange.
The face value of each bond in the 409th issue is 1,000 Belarusian rubles. The total issue volume amounts to 70 million Belarusian rubles. The bonds will mature on July 14, 2028.
The bonds will carry a fixed coupon rate, which will be determined following the auction.
Interest payments will be made every six months. The bonds may also be redeemed before maturity.
In June, the Finance Ministry issued its first tranche of government online bonds. The securities, with a total value of 50 million Belarusian rubles, are available through the systems of Belarusbank and Belagroprombank. They offer a yield equal to the National Bank’s refinancing rate plus 0.25 percentage points. The current annual yield stands at 9.5%.