Interest Rate On New Dollar-Denominated Belarusian Finance Ministry Bonds Set At 2.9% Annually

The Finance Ministry of Belarus has held its first auction this year for the placement of government bonds denominated in US dollars.

Following the auction, the parameters of the 357th issue were determined. The interest rate was set at 2.9% per annum. The total volume of the issue amounts to 50 million dollars. During the initial placement, bonds worth 20.046 million dollars were sold. The additional placement of the issue will take place on the Belarusian Currency and Stock Exchange system from 23 February.

Earlier, the Finance Ministry reported that the nominal value of each bond is 1,000 dollars. They are due to mature on 28 January 2031.