MINSK, 19 March (BelTA) – The profitability of eurobonds and government bonds of Belarus that have been floated via the Moscow Exchange has been rising since the beginning of 2021, representatives of the Belarusian Finance Ministry told BelTA.
Since February 2021 the profitability of long-term Belarusian eurobonds (Belarus 2030 and Belarus 2031) has increased from 6-6.1% to 7.2-7.3%. The trend has affected medium-term and short-term issues to a lesser degree.
The profitability of bonds, which have been floated on the Russian financial market and are to be redeemed in 2025 (series 07), increased inconsiderably in this period – by five basis points (from 8.51% to 8.56%) while interest rates on government bonds, which are to be redeemed in 2022 (series 03 and 04), tend to steadily decline as of March 2021.
The profitability of debt instruments tends to rise on all developing markets. Experts attribute it to the growing profitability of bonds of developed countries, in particular, U.S. Treasury bonds, which reached their peak in February 2021. Growing interest rates in the USA are one of the reasons investors sell long-term bonds, the Belarusian Finance Ministry explained.
