Finance Ministry to float $50m worth of government bonds on Belarusian exchange

MINSK, 4 March (BelTA) – The Finance Ministry has declared it will float issue No.362 of registered government bonds from 5 March through 7 September via the trading system of the public joint-stock company Belarusian Currency and Stock Exchange, BelTA has learned.

The bonds will be placed through an open sale without auction. The nominal value of one bond is $1,000 while the total volume of the issue is $50 million.

The redemption date for the bonds is 14 May 2031. The interest rate is 2.9% per annum.

The Finance Ministry’s website lists the dates of income payments for ten interest periods.