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14 November 2018, 13:37

Foreign investors promised government bonds in Belarusian rubles

MINSK, 14 November (BelTA) – There are plans to offer government bonds nominated in Belarusian rubles to foreign investors, BelTA learned from Belarusian Finance Minister Maksim Yermolovich during the parliamentary hearings held on 14 November to discuss the legal and practical aspects of improvement of Belarus' investment climate.

The finance minister talked about the Belarusian market of bonds and steps, which are supposed to be taken to develop the market, in particular, steps to form and invigorate the market sector dealing with ruble bonds. “The Finance Ministry will play the main role here. We are talking about offering bonds nominated in Belarusian rubles to foreign investors,” said Maksim Yermolovich.

Plans have also been made to introduce a new kind of government bonds intended for qualified investors. “Such bonds will be issued using a simplified procedure. We are talking about creating qualified investors and issuers in order to simplify the bond offering process as much as possible,” said the finance minister.

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