Regulator raises ceiling on bonds to be issued by Belarus Development Bank in 2021 by 2.9 times to Br1.665bn
<p> MINSK, Jun 7 – PrimePress. The cap on the total value of bonds to be issued by OAO Belarus Development Bank in 2021 has been raised by 2.9 time to Br1.665 billion ($655.821 million), in accordance with a joint resolution of the National Bank and the Belarusian Government adopted Jun 3, 2021. </p> <p> </p> <p> The 2021 ceiling originally stood at Br570 million ($224.515 million), up 48.1% year on year. The 2020 ceiling was raised twofold to Br765 million ($301.323 million). </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 96.224% stake in the Development Bank of Belarus. End </p>
2021-06-08
Primepress
Regulator raises ceiling on bonds to be issued by Belarus Development Bank in 2021 by 2.9 times to Br1.665bn
MINSK, Jun 7 – PrimePress. The cap on the total value of bonds to be issued by OAO Belarus Development Bank in 2021 has been raised by 2.9 time to Br1.665 billion ($655.821 million), in accordance with a joint resolution of the National Bank and the Belarusian Government adopted Jun 3, 2021.
The 2021 ceiling originally stood at Br570 million ($224.515 million), up 48.1% year on year. The 2020 ceiling was raised twofold to Br765 million ($301.323 million).
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 96.224% stake in the Development Bank of Belarus. End