This Is Called A Default: Belarus Pays Eurobond Income In Rubles

Instead of dollars.

The payment of interest income on Belarus-2027 Eurobonds in the amount of 22.9 million US dollars in equivalent took place on July 1, the press service of the Ministry of Finance reports.

The funds were fully credited to a separate bank account opened in JSC ASB Belarusbank.

The Ministry of Finance reported the payment of interest income on Belarus-2030 Eurobonds in Belarusian rubles on February 29. According to the press service of the department, the payment in the amount of 18.6 million dollars in equivalent was made on February 28.

On February 27, the department reported the payment of interest income on Eurobonds of two issues (Belarus-2026 and Belarus-2031) in Belarusian rubles. The payment in total for 38.6 million dollars in equivalent was made on February 26.

On December 29, 2023, interest income on the Belarus-2027 Eurobonds in the amount of USD 22.9 million in equivalent was paid.

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