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Ministry Of Finance To Borrow $ 100 Million And € 50 Million From Population

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Ministry Of Finance To Borrow $ 100 Million And € 50 Million From Population

From January 18, the Ministry of Finance has started selling foreign currency bonds of three issues.

Nominal value of one security is $ 1,000 or € 1,000. The state wants to borrow and companies 100 million dollars and 50 million euro in total from the population. Terms are listed on the website of the Ministry of Finance.

The sale will run until 28 June 2017 on the Belarusian Currency and Stock Exchange.

Terms are as follows:

Issue № 233, maturity date: February 6, 2020, interest rate: 5.5% per year, par value: $1000, amount of issue: $50 mln;

Issue № 234, maturity date: May 6, 2022, interest rate: 6.5% per year, par value: $1000, amount of issue: $50 mln;

Issue № 235, maturity date: February 4, 2022, interest rate: 5.0% per year, par value: €1000, amount of issue: €50 mln.

We remind that ruble bonds of the owner of discounters "Ostrov Chistoty" have also been brought on the market yesterday.

Belarusians have shown great interest in this kind of savings, especially considering the constant reduction of interest rates on bank deposits and the tax on short deposits interest. There is no tax on the income on bonds regardless of term of their maturity.

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