Belarusian Finance Ministry to offer $50m in bonds at stock exchange in April
MINSK, 5 April (BelTA) – In April the Belarusian Finance Ministry plans to start selling government bonds nominated in foreign currency via auctions at the Belarusian Currency and Stock Exchange. The debut offer can be about $50 million, BelTA learned from First Deputy Finance Minister of Belarus Mr Vladimir Amarin.
“We already have the necessary legal base. All the issues have been addressed together with the Belarusian Currency and Stock Exchange, through which these auctions will be held. For starters we will offer bonds in foreign currency to the tune of about $50 million,” remarked Vladimir Amarin.
In late November 2012 the Belarus government lifted the restriction on the aftermarket trade in forex government bonds on the home market and enhanced the capability of the Finance Ministry for the original placement of foreign currency government bonds. Thanks to those measures the Finance Ministry can now carry out the original placement of foreign currency bonds at stock exchange auctions in addition to selling them directly to corporations.
In line with the instruction approved in February 2013, as from April 2013 the Finance Ministry will be able to carry out original and additional placements of foreign currency government bonds at stock exchange auctions. The bonds will be offered via auctions by bidding and fixed-price auctions.