About signing of the Agreement for rendering services in organization government bonds of the Republic of Belarus issuance in the territory of the Russian Federation

July 31, 2018 in Minsk the Agreement between the Ministry of Finance of the Republic of Belarus, «Gazprombank» (Joint-stock Company) (the Russian Federation), Public Joint-Stock Company «Sovcombank» (the Russian Federation), Public Joint-Stock Company «Bank Otkritie Financal Corporation» (the Russian Federation) and the Eurasian Development Bank (International organisation), has been concluded for rendering services in organization of issue Russian rubles nominated government bonds of the Republic of Belarus in the Russian Federation.

In accordance with the Agreement, Bank GPB (JSC), PJSC «Sovcombank», «Bank Otkritie Financial Corporation (Public Joint-Stock Company) has been mandated as the lead managers, and the Eurasian Development Bank as co-manager of the issuance of long-term government bonds of the Republic of Belarus on the financial market of the Russian Federation in 2018-2020.

Bonds are planned to be placed on the Moscow exchange. The parameters of the issues and terms of placement will be determined in consultation with the managers.

Issuance of bonds in the Russian financial market is planned by the Ministry of Finance in order to diversify an investor base and borrowing instruments.

For reference. In 2010, two-year, non-convertible interest-bearing documentary government bonds of the Republic of Belarus were placed on the Moscow Interbank Currency Exchange in the amount of 7 billion Russian rubles with coupon rate at 8.7% per annum. Arrangers of the issue were Alfa Bank, Gazprombank, Sberbank of Russia.