Regulator raises ceiling on bonds to be issued by Belarus Development Bank in 2020 by 45.5% to Br765m
<p> MINSK, Aug 20 – PrimePress. The cap on the total value of bonds to be issued by OAO Belarus Development Bank in 2020 has been raised by 45.5% to Br765 million ($309.779 million), in accordance with a joint resolution of the National Bank and the Belarusian Government adopted Aug 18, 2020. </p> <p> </p> <p> The 2020 ceiling stood at Br385 billion ($156.931 million), and was reduced by 4.3-fold year on year. Subsequently, the ceiling was raised by 36.4% to Br525 million ($212.593 million), in accordance with a joint resolution of the National Bank and the Belarusian Government adopted May 6, 2020. </p> <p> </p> <p> The Development Bank was established on June 21, 2011 after Belarusian President Alexander Lukashenko signed ordinance #261 to create open joint-stock company Bank of Development of the Republic of Belarus. </p> <p> </p> <p> The Development Bank is Belarus’ agent bank to service and repay state loans and external loans attracted against a government security and extended to finance projects included in state programs. </p> <p> </p> <p> The government holds a 95.473% stake in the Development Bank of Belarus, the share of OAO Belaruskali stands at 4.513%, the National Bank of Belarus – 0.014%. End </p>
2020-08-21
Primepress
Regulator raises ceiling on bonds to be issued by Belarus Development Bank in 2020 by 45.5% to Br765m
MINSK, Aug 20 – PrimePress. The cap on the total value of bonds to be issued by OAO Belarus Development Bank in 2020 has been raised by 45.5% to Br765 million ($309.779 million), in accordance with a joint resolution of the National Bank and the Belarusian Government adopted Aug 18, 2020.
The 2020 ceiling stood at Br385 billion ($156.931 million), and was reduced by 4.3-fold year on year. Subsequently, the ceiling was raised by 36.4% to Br525 million ($212.593 million), in accordance with a joint resolution of the National Bank and the Belarusian Government adopted May 6, 2020.
The Development Bank was established on June 21, 2011 after Belarusian President Alexander Lukashenko signed ordinance #261 to create open joint-stock company Bank of Development of the Republic of Belarus.
The Development Bank is Belarus’ agent bank to service and repay state loans and external loans attracted against a government security and extended to finance projects included in state programs.
The government holds a 95.473% stake in the Development Bank of Belarus, the share of OAO Belaruskali stands at 4.513%, the National Bank of Belarus – 0.014%. End