Lukashenko Approved the Placement of Bonds in Russia

13.10.2010 13:21
Архив Редакция

President of Belarus Alexander Lukashenko has given the right to the Government of Belarus to issue government bonds on the Russian market in 2010-2011. The corresponding presidential decree was signed on October 9. The maximum amount of the bond issue is Rr15 billion with the circulation maturity of up to five years.

Besides, the presidential decree granted the Belarusian government the right to approve the draft prospectus of securities, certificates of global bond issues, as well as contracts related to the issuance, placement, circulation, redemption of bonds and the rights to them, BelTA informs.

The President directed the Council of Ministers to ensure maintenance of bonds, including the payment of commissions, fees and other costs implementation, associated with their issuance, placement, circulation and redemption, the rights to them, and redemption of the State budget bonds allocated to the country external debt service.

The State Control Committee of Belarus is to monitor the implementation of Presidential Decree.

According to Telegraf, the Finance Minister of Belarus Andrei Kharkovets says that the Ministry of Finance of Belarus is absolutely ready to enter the Russian bond market. According to him, Russian Sberbank and two more banks will organize the Eurobond issue.

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