Brest district executive committee

Brest district executive committee

Belarus pays out interest yield on eurobonds

29/12/2022 09:34

MINSK, 29 December (BelTA) – Interest yield on the eurobond issue Belarus 2027 was paid out to the equivalent of $22.9 million on 29 December, 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 issue. The transaction scheme is used in line with the government's and the central bank's resolution No.212/10 of 6 April 2022.

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.

The Finance Ministry reminded that Belarus has to honor commitments on eurobonds in this manner due to the sanctions that had been enforced against the National Bank of the Republic of Belarus as the fiscal agent of the Belarusian government. Apart from that, the Finance Ministry underlined that the Western infrastructure is still unable to transfer the payments to all the eurobond holders.

BelTA – News from Belarus


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