Belarus Finance Ministry places debut bonds in yuan on the domestic market

MINSK. Aug 24 (Interfax) - The Finance Ministry of Belarus has placed an issue of government bonds denominated in Chinese yuan on the Belarusian Currency and Stock Exchange, the exchange's website said.

Government bonds with a value of 181 million yuan (almost $25 million) were placed with a total issue of 200 million yuan. The rate of all coupons is 3.8% per annum.

According to the BCSE Exchange, three investors participated in the placement auction, and the demand for bonds totaled 184.66 million yuan.

The nominal value of one bond is 1,000 yuan. The maturity of the securities is 1827 days; the maturity date is August 24, 2028. The yield on the bonds is paid annually on February 24 and August 24. Early redemption is possible at the initiative of the owners or at the initiative of the Finance Ministry with the consent of the owners.

Until now, the Belarusian Ministry of Finance had placed bonds in the national currency, as well as in Russian rubles, dollars and euros on the domestic market.