Belarus: bonds

Belarus is a landlocked country in Eastern Europe

Most of the Belarusian economy remains state-controlled and has been described as "Soviet-style. The country relies on Russia for various imports, including petroleum. Important agricultural products include potatoes and cattle byproducts, including meat. Belarus's main exports included heavy machinery (especially tractors), agricultural products, and energy products.

The population is 9,503,807.

The currency of Belarus is the Belarusian ruble (BYR).

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
USD 64 4 965 613 000
EUR 60 2 845 472 000
BYN 30 3 774 948 490
RUR 2 162 000 000
municipal
BYN 120 1 229 079 200
USD 5 620 251 300
corporate
BYN 375 6 703 043 120
USD 163 2 370 922 800
EUR 64 786 217 000
RUR 30 9 805 600 000
BYR 2 3 011 500

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Rating Agency RAEX (Expert RA) *** Foriegn curr. scale ***
Rating Agency RAEX (Expert RA) *** Local curr. scale ***
Credit-Rating *** National Scale (Belarus) ***
National Rating Agency *** National scale (Russia) ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Solnechny park, 29% 1mar2019, BYN (08) - Domestic bonds BY1000402680 29% 10 000 000  BYN 03/01/2017 03/01/2019
NB of Belarus, 0% 23feb2018, USD (14, 365D) - Domestic bonds 0% 158 420 000  USD 02/23/2017 02/23/2018
NB of Belarus, 0% 1mar2017, BYN (13, 7D) - Domestic bonds 0% 952 210 000  BYN 02/22/2017 03/01/2017
NB of Belarus, 0% 15mar2017, BYN (12, 28D) - Domestic bonds 0% 1 049 812 000  BYN 02/15/2017 03/15/2017
NP-Service, FRN 14feb2019, BYN (34) - Domestic bonds BY1000402649 32% 10 000 000  BYN 02/14/2017 02/14/2019
NP-Service, FRN 14feb2019, BYN (33) - Domestic bonds BY1000402672 32% 7 500 000  BYN 02/14/2017 02/14/2019
NP-Service, FRN 14feb2019, BYN (35) - Domestic bonds BY1000402656 RR+15% 7 500 000  BYN 02/14/2017 02/14/2019
NP-Service, 35% 14feb2019, BYN (36) - Domestic bonds BY1000402664 35% 7 500 000  BYN 02/14/2017 02/14/2019
NB of Belarus, 0% 9feb2018, USD (10, 365D) - Domestic bonds 0% 194 781 000  USD 02/09/2017 02/09/2018
Evroopt, 10.5% 7feb2022, USD (02) - Domestic bonds BY50002B6136 10.5% 8 000 000  USD 02/07/2017 02/07/2022

Exchange Bond Indices

Daily indices

Type: 02/24/2017 02/23/2017 02/22/2017 02/21/2017 02/20/2017 02/17/2017 02/16/2017
Indices of the exchange bond market (Belarus)
IBYN Composite - Exchange bond 9.28 9.28 9.28 9.28 9.28 9.28 9.28
GBYN Composite - Index of gross revenue 9.48 9.48 9.47 9.47 9.46 9.45 9.45
ITRBYN Composite - Index of total income 19.91 19.89 19.88 19.87 19.87 19.84 19.83
AYS - Index of turnover, %     52.68 52.76 52.84 15.67 33.79
Yeff - Effective Yield     71.00 71.00 71.00 16.80 29.18
Iyt - Yield to maturity     52.68 52.76 52.84 15.67 37.48
Ryt - Gross Yield     52.68 52.76 52.84 15.67 26.26
DM - Duration to maturity, days     64.00 65.00 66.00 258.00 97.69
Indices of the government bond market (Belarus)
Ibyn GOV - Short-term government bond price index  23.07 23.07 23.07 23.06 23.06 23.05 23.07
Gbyn GOV - Index of gross revenue of the short-term government bond market   23.07 23.07 23.07 23.06 23.06 23.05 23.07
ITRbyn GOV - Index of total income of the short-term government bond market  21.84 21.84 21.84 21.83 21.83 21.82 21.84
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World Bond market statistics

Quarterly indices

Type III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015 I 2015
BIS volume of international-bond market of emerging countries
Belarusian international bonds, USD bln 0.800 0.800 0.800 0.800 0.800 1.800 1.800
BIS net issues of international-bond market of emerging countries
International-bond net issue of Belarus, USD bln     0.000 0.000 -1.000 0.000 0.000

CIS Bond Market statistics

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Bond market (Belarus)
Corp. bonds outst., USD mln (Belarus) 6 991.56 6 769.33 7 081.27 7 097.27 7 045.76 6 947.60 6 914.04
Municipal bonds outst., USD mil (Belarus) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gov. bonds outst., USD mil (Belarus) 8 463.25 8 014.99 8 535.67 8 345.59 8 906.66 8 120.65 8 069.42
Eurobonds, USD mil (Belarus) 800.00 800.00 800.00 800.00 800.00 800.00 800.00
Turnover of financial market segments (Belarus)
Trade volume by NB RB bonds in foreign currency on OTC, mln BYN (until 01.07.2016 bln BYR)  12.826 11.353 10.246        
Trade volume by NB RB bonds in foreign currency on BCSE, mln BYN (until 01.07.2016 bln BYR)  33.180 137.837 45.781        
Number of deals, NB RB bonds in foreign currency on BCSE  21.000 108.000 63.000        
Number of deals, NB RB bonds in foreign currency on OTC  5.000 7.000 4.000        
Trade volume by gov. bonds in foreign currency on BCSE, mln BYN (until 01.07.2016 bln BYR)  335.101 196.309 139.782 0.000 163.317 167.071 177.473
Number of deals, gov. bonds in foreign currency on BCSE  212.000 40.000 29.000 0.000 164.000 234.000 188.000
Trade volume by long-term coupon bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  32.351 92.358 59.082 0.000 179.938 105.333 101.257
Number of deals, long-term coupon bonds on BCSE  21.000 57.000 106.000 0.000 17.000 26.000 53.000
Trade volume by short-term discount bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  0.000 0.000 0.000 0.000 0.000 0.000 0.000
Number of deals, short-term discount bonds on BCSE  0.000 0.000 0.000 0.000 0.000 0.000 0.000
Trade volume by discount exchange-traded bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  0.000 0.000 0.000 0.000 0.000 0.000 0.000
Number of deals, discount exchange-traded bonds on BCSE  0.000 0.000 0.000 0.000 0.000 0.000 0.000
Trade volume by corp. bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  175.236 183.131 106.503 0.000 173.616 118.056 155.004
Number of deals, corp. bonds on BCSE  98.000 128.000 142.000 0.000 92.000 158.000 131.000
Trade volume by muni. bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  10.483 10.575 12.398 0.000 23.565 19.248 25.227
Number of deals, muni. bonds on BCSE  2.000 2.000 2.000 0.000 4.000 4.000 4.000
Trade volume by coupon exchange-traded bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  34.837 28.376 5.857 0.000 6.920 38.247 7.144
Number of deals, coupon exchange-traded bonds on BCSE  42.000 40.000 43.000 0.000 37.000 37.000 31.000
Trade volume by gov. bonds in foreign currency on OTC, mln BYN (until 01.07.2016 bln BYR)  0.020 28.347 1.360 0.000 56.407 5.965 1.447
Number of deals, gov. bonds in foreign currency on OTC  1.000 6.000 7.000 0.000 12.000 6.000 4.000
Trade volume by corp. bonds on OTC, mln BYN (until 01.07.2016 bln BYR)  78 416.380 33 433.433 5 450.742 0.000 10 453.101 19 287.400 64 693.207
Number of deals, corp. bonds on OTC  681.000 825.000 537.000 0.000 542.000 599.000 887.000
Trade volume by muni. bonds on OTC, mln BYN (until 01.07.2016 bln BYR)  25.763 20.123 14.298 0.000 31.296 25.830 26.380
Number of deals, muni. bonds on OTC  17.000 14.000 7.000 0.000 16.000 10.000 7.000
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Currencies

Daily indices

Type: 02/28/2017 02/27/2017 02/24/2017 02/23/2017 02/22/2017 02/21/2017 02/20/2017
Exchange rates of Central Banks (CIS)
EUR/BYN 1.9893 1.9875 1.9782 1.9698 1.9833 1.9935 1.9952
USD/BYN 1.8818 1.8774 1.8754 1.8723 1.8751 1.8784 1.8731
RUB/BYN  0.0325 0.0324 0.0324 0.0326 0.0324 0.0323 0.0325
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Interbank market

Daily indices

Type: 02/27/2017 02/24/2017 02/23/2017 02/22/2017 02/21/2017 02/20/2017 02/17/2017
Interbank Credits (Belarus)
Average interest rate of 1-day interbank loans, %  11.2 11.5 11.6 11.7 10.9 11.0 11.3
Average interest rate of 1-day interbank USD loans, %  0.9 1.0 1.1 0.8 0.9 1.6 1.5
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Money market

Periodic indices

Type: Current value Change Last update
CIS Central Banks Rates
NB of Belarus refinancing rate, %  16.00 -1 15.02.2017
Overnight loans (Belarus)
Rate loan overnight, %  22.00 0 15.02.2017
Rate deposit overnight, %  11.00 0 15.02.2017

Credit Risk Indicators

Daily indices

Type: 02/27/2017 02/24/2017 02/23/2017 02/22/2017 02/13/2017 02/10/2017 02/09/2017
CDS Interactive Data 
CDS 6M Belarus * * * * * * *
CDS 1Y Belarus * * * * * * *
CDS 2Y Belarus * * * * * * *
CDS 3Y Belarus * * * * * * *
CDS 4Y Belarus * * * * * * *
CDS 5Y Belarus * * * * * * *
CDS 7Y Belarus * * * * * * *
CDS 10Y Belarus * * * * * * *
CDS 15Y Belarus * * * * * * *
CDS 20Y Belarus * * * * * * *
CDS 30Y Belarus * * * * * * *
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Macroeconomic Indicators (CIS)

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Money market indicators (Belarus)
Consumer Prices (CPI, Belarus) (monthly), % 100.90 100.50 100.80 100.80 100.67 99.85 100.35
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Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Belarus, 8.950% 26jan2018, USD   USD 01/26/2018 02/27/2017 ***.** *.** 02/27/2017 ***.** *.**
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