Minsk planning RUB100bn bond placement in Russia in 2021–2023
<p> MINSK, May 17 - PrimePress. The Belarusian government will offer up to RUB100 billion of state bonds in Russia in 2021–2023, as seen by PRIME in an ordinance of President Alexander Lukashenko, released on the national portal for legal information on May 15. </p> <p> </p> <p> The funds will be used to refinance the state’s foreign debt, the document read. </p> <p> </p> <p> The maturity of the bonds will be at least 1,092 days. </p> <p> </p> <p> As previously reported, the Finance Ministry of Belarus was not planning to issue Eurobonds in 2021, but was considering floating government bonds on the Moscow Exchange. Belarus’ Finance Minister Yuri Seliverstov told journalists on April 13 that Belarus was considering the prospects of entering foreign capital markets, those of Russia and Asia in the first place. “We are focused primarily on a return to the Russian [debt] market, we are also working on the Asian market. We entered the European market just last year. We have no plans to do it every year,” the minister said. </p> <p> </p> <p> In May 2020 the Finance Ministry of Belarus placed the 07 Series of government bonds worth RUB10bn on the Moscow Stock Exchange. The initial yield guidance was 8.25-8.5% per annum, which corresponds to the yield to maturity of 8.42-8.68% per annum. The final yield guidance was 8.5% per annum. </p> <p> </p> <p> They floated public bonds jointly with Russian banks, which acted as organizers of the issue of government bonds of Belarus in Russia’s financial market: Gazprombank, Sovcombank, Financial Corporation Otkrytie, with the Eurasian Development Bank acting as co-organizer. End </p>
2021-05-18
Primepress
Minsk planning RUB100bn bond placement in Russia in 2021–2023
MINSK, May 17 - PrimePress. The Belarusian government will offer up to RUB100 billion of state bonds in Russia in 2021–2023, as seen by PRIME in an ordinance of President Alexander Lukashenko, released on the national portal for legal information on May 15.
The funds will be used to refinance the state’s foreign debt, the document read.
The maturity of the bonds will be at least 1,092 days.
As previously reported, the Finance Ministry of Belarus was not planning to issue Eurobonds in 2021, but was considering floating government bonds on the Moscow Exchange. Belarus’ Finance Minister Yuri Seliverstov told journalists on April 13 that Belarus was considering the prospects of entering foreign capital markets, those of Russia and Asia in the first place. “We are focused primarily on a return to the Russian [debt] market, we are also working on the Asian market. We entered the European market just last year. We have no plans to do it every year,” the minister said.
In May 2020 the Finance Ministry of Belarus placed the 07 Series of government bonds worth RUB10bn on the Moscow Stock Exchange. The initial yield guidance was 8.25-8.5% per annum, which corresponds to the yield to maturity of 8.42-8.68% per annum. The final yield guidance was 8.5% per annum.
They floated public bonds jointly with Russian banks, which acted as organizers of the issue of government bonds of Belarus in Russia’s financial market: Gazprombank, Sovcombank, Financial Corporation Otkrytie, with the Eurasian Development Bank acting as co-organizer. End