MINSK, 24 February (BelTA) – Interest yield on the eurobond issue Belarus 2026 to the equivalent of $14.7 million and on the eurobond issue Belarus 2031 to the equivalent of $23.9 million was paid out on 24 February, the Belarusian Finance Ministry told BelTA.
The full amount of money was transferred to a dedicated bank account in OAO ASB Belarusbank. Access to the account is enabled for Citibank N.A. London Branch as the paying agent according to the documentation of the eurobond issues. The transaction scheme is used in line with the government's and the central bank's resolution No.212/10 of 6 April 2022. The resolution introduced temporary measures for honoring external state debt commitments.
Eurobond holders can get payments from this account upon producing the relevant application and after passing the verification procedure the government's and the central bank's resolution No.643/20 of 26 September 2022 stipulates.
Belarus has to honor commitments on eurobonds in this manner due to the sanctions that have been enforced against the National Bank of the Republic of Belarus as the fiscal agent of the Belarusian government and due to the persistent inability of the Western infrastructure to transfer the payments to all the eurobond holders.