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English

Development Bank starts offering bonds to legal entities

 

The Development Bank of Belarus (DBB) on June 25 started offering its bonds to legal entities and sole entrepreneurs, according to the government's news agency BelTA.

The government institution hopes to raise a total of 150 billion rubels ($17.2 million) through the sale of the one-million-rubel bonds.

The bonds' maturity period varies from 18 months and three years. Their coupons range from the Base Refinance Rate minus three percent to the Base Refinance Rate minus five percent. They are to be sold until October 25.

The DBB will use the money for extending loans to companies, said BelTA. //BelaPAN

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