Bank BelVEB preps $25m FX bond offering for corporate customers at 1.25% p.a.
<p> MINSK, Aug 25 - PrimePress. Bank BelVEB OJSC has announced a placement of its tenth issue of corporate bonds in the amount of $25 million with the permanent interest rate of 1.25% per annum. </p> <p> </p> <p> A total of 25,000 securities with a face value of $1,000 each will be issued. They will bear constant interest of 1.25% per annum. </p> <p> </p> <p> The bonds are to be placed among legal entities through open sale. Settlements with residents of Belarus are made in Belarusian rubles. </p> <p> </p> <p> The maturity period is five years, the maturity date is July 12, 2026. </p> <p> </p> <p> Bank BelVEB was registered by the National Bank of Belarus on December 12, 1991. Russia’s Vnesheconombank holds a 97.52% stake in Bank BelVEB; Minsk City Territorial State Property Fund – 2.29%. BelVEB belongs to the Tier 1 Group of banks. End </p>
2021-08-26
Primepress
Bank BelVEB preps $25m FX bond offering for corporate customers at 1.25% p.a.
MINSK, Aug 25 - PrimePress. Bank BelVEB OJSC has announced a placement of its tenth issue of corporate bonds in the amount of $25 million with the permanent interest rate of 1.25% per annum.
A total of 25,000 securities with a face value of $1,000 each will be issued. They will bear constant interest of 1.25% per annum.
The bonds are to be placed among legal entities through open sale. Settlements with residents of Belarus are made in Belarusian rubles.
The maturity period is five years, the maturity date is July 12, 2026.
Bank BelVEB was registered by the National Bank of Belarus on December 12, 1991. Russia’s Vnesheconombank holds a 97.52% stake in Bank BelVEB; Minsk City Territorial State Property Fund – 2.29%. BelVEB belongs to the Tier 1 Group of banks. End