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 4 740 356 000
EUR 59 2 835 472 000
BYN 29 3 384 618 490
RUR 2 162 000 000
municipal
BYN 144 1 300 138 200
USD 5 620 251 300
corporate
BYN 367 6 801 341 240
USD 164 2 399 772 800
EUR 64 790 217 000
RUR 33 9 947 600 000

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 ***
Rating-Agentur Expert RA *** Rating scale of the creditworthiness of sovereign governments (SGC) -National currency ***
Rating-Agentur Expert RA *** Rating scale of the creditworthiness of sovereign governments (SGC) - Foreign currency ***
Rating-Agentur Expert RA *** Rating scale of the country credit environment (CCE) rating - National currency ***
Rating-Agentur Expert RA *** Rating scale of the country credit environment (CCE) rating - Foreign currency ***
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
Belarus, 0% 24jun2020, USD (ВГДО 239) - Domestic bonds 5.5% 50 000 000  USD 09/29/2017 06/24/2020
Belarus, 6.5% 4may2023, USD (ВГДО 240) - Domestic bonds 6.5% 50 000 000  USD 09/29/2017 05/04/2023
Kompanija Nelva, 7% 27apr2020, USD (03) - Domestic bonds BY14012B6676 7% 1 250 000  USD 04/28/2017 04/27/2020
Agroleasing, FRN 23apr2019, BYN (10) - Domestic bonds BY1000402698 19% 20 000 000  BYN 04/24/2017 04/23/2019
Orshanskij raispolkom, FRN 31dec2020, BYN (05) - Domestic bonds BY24242B6750 7.5% 17 196 000  BYN 04/19/2017 12/31/2020
NB of Belarus, 0% 26apr2017, BYN (27, 7D) - Domestic bonds 0% 100 187 000  BYN 04/19/2017 04/26/2017
NB of Belarus, 0% 17may2017, BYN (28, 28D) - Domestic bonds 0% 907 195 000  BYN 04/19/2017 05/17/2017
Lodje, 6% 14may2019, USD (02) - Domestic bonds BY50002B6805 6% 1 000 000  USD 04/15/2017 05/14/2019
NB of Belarus, 0% 13apr2018, USD (26, 365D) - Domestic bonds 0% 105 609 000  USD 04/13/2017 04/13/2018
Fabrika Romaks, 0% 12apr2018, USD (03, 364D) - Domestic bonds BY42292B6769 0% 200 000  USD 04/13/2017 04/12/2018

Exchange Bond Indices

Daily indices

Type: 04/20/2017 04/19/2017 04/18/2017 04/14/2017 04/13/2017 04/12/2017 04/11/2017
Indices of the exchange bond market (Belarus)
IBYN Composite - Exchange bond 9.21 9.21 9.21 9.21 9.21 9.21 9.21
GBYN Composite - Index of gross revenue 9.39 9.39 9.39 9.37 9.37 9.36 9.36
ITRBYN Composite - Index of total income 20.04 20.03 22.39 19.98 19.97 19.96 19.97
AYS - Index of turnover, % 74.00 -209.98 29.66 6.49 31.62 34.50 38.92
Yeff - Effective Yield 39.94 33.61 34.53 6.72 41.29 37.91 47.04
Iyt - Yield to maturity 39.30 -232.82 29.66 6.49 33.75 29.77 38.90
Ryt - Gross Yield 38.84 -408.66 29.66 6.49 31.87 30.53 38.92
DM - Duration to maturity, days 37.19 1 289.49 561.00 2 858.00 494.26 395.26 251.00
Indices of the government bond market (Belarus)
Ibyn GOV - Short-term government bond price index  23.50 23.50 23.50 23.50 23.50 23.50 23.49
Gbyn GOV - Index of gross revenue of the short-term government bond market   23.50 23.50 23.50 23.50 23.50 23.50 23.49
ITRbyn GOV - Index of total income of the short-term government bond market  22.47 22.39 22.39 22.39 22.39 22.39 22.38
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World Bond market statistics

Quarterly indices

Type IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015 II 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 0.800 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

CIS Bond Market statistics

Monthly indices

Type Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016
Bond market (Belarus)
Corp. bonds outst., USD mln (Belarus) 6 993.11 6 930.01 6 991.56 6 769.33 7 081.27 7 097.27 7 045.76
Municipal bonds outst., USD mil (Belarus) 0.00 0.00 0.00 0.00 0.00 0.00 0.00
New financial corp. bond issues, USD mln (Belarus) 76.67 0.00 10.22 50.00 53.50 0.00 76.51
Gov. bonds outst., USD mil (Belarus) 8 697.63 8 683.63 8 463.25 8 014.99 8 535.67 8 345.59 8 906.66
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)  2.532 19.256 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)  65.192 76.466 33.180 137.837 45.781    
Number of deals, NB RB bonds in foreign currency on BCSE  60.000 120.000 21.000 108.000 63.000    
Number of deals, NB RB bonds in foreign currency on OTC  6.000 9.000 5.000 7.000 4.000    
Trade volume by gov. bonds in foreign currency on BCSE, mln BYN (until 01.07.2016 bln BYR)  217.387 207.466 335.101 196.309 139.782 0.000 163.317
Number of deals, gov. bonds in foreign currency on BCSE  152.000 207.000 212.000 40.000 29.000 0.000 164.000
Trade volume by long-term coupon bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  4.260 21.736 32.351 92.358 59.082 0.000 179.938
Number of deals, long-term coupon bonds on BCSE  29.000 11.000 21.000 57.000 106.000 0.000 17.000
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)  87.714 85.725 175.236 183.131 106.503 0.000 173.616
Number of deals, corp. bonds on BCSE  366.000 575.000 98.000 128.000 142.000 0.000 92.000
Trade volume by muni. bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  10.445 10.382 10.483 10.575 12.398 0.000 23.565
Number of deals, muni. bonds on BCSE  2.000 2.000 2.000 2.000 2.000 0.000 4.000
Trade volume by coupon exchange-traded bonds on BCSE, mln BYN (until 01.07.2016 bln BYR)  18.641 27.075 34.837 28.376 5.857 0.000 6.920
Number of deals, coupon exchange-traded bonds on BCSE  66.000 90.000 42.000 40.000 43.000 0.000 37.000
Trade volume by gov. bonds in foreign currency on OTC, mln BYN (until 01.07.2016 bln BYR)  52.898 384.989 0.020 28.347 1.360 0.000 56.407
Number of deals, gov. bonds in foreign currency on OTC  31.000 22.000 1.000 6.000 7.000 0.000 12.000
Trade volume by corp. bonds on OTC, mln BYN (until 01.07.2016 bln BYR)  13 194.311 12 507.738 78 416.380 33 433.433 5 450.742 0.000 10 453.101
Number of deals, corp. bonds on OTC  556.000 706.000 681.000 825.000 537.000 0.000 542.000
Trade volume by muni. bonds on OTC, mln BYN (until 01.07.2016 bln BYR)  30.817 11.815 25.763 20.123 14.298 0.000 31.296
Number of deals, muni. bonds on OTC  18.000 5.000 17.000 14.000 7.000 0.000 16.000
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Currencies

Daily indices

Type: 04/25/2017 04/24/2017 04/21/2017 04/20/2017 04/19/2017 04/18/2017 04/17/2017
Exchange rates of Central Banks (CIS)
EUR/BYN 2.0122 2.0122 2.0208 2.0162 2.0008 2.0014 1.9977
USD/BYN 1.8763 1.8763 1.8826 1.8799 1.8797 1.8825 1.8817
RUB/BYN  0.0334 0.0334 0.0333 0.0335 0.0335 0.0335 0.0335
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Interbank market

Daily indices

Type: 04/20/2017 04/19/2017 04/18/2017 04/17/2017 04/14/2017 04/13/2017 04/12/2017
Interbank Credits (Belarus)
Average interest rate of 1-day interbank loans, %  8.3 10.0 10.2 10.1 10.1 10.1 10.2
Average interest rate of 1-day interbank USD loans, %  1.1 1.1 1.2 1.4 1.3 1.9 1.6
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Money market

Periodic indices

Type: Current value Change Last update
CIS Central Banks Rates
NB of Belarus refinancing rate, %  14.00 -1 19.04.2017
Overnight loans (Belarus)
Rate loan overnight, %  17.00 -1 19.04.2017
Rate deposit overnight, %  9.00 -1 19.04.2017

Credit Risk Indicators

Daily indices

Type: 04/24/2017 04/21/2017 04/20/2017 04/19/2017 04/18/2017 04/17/2017 04/14/2017
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 Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016
Money market indicators (Belarus)
Consumer Prices (CPI, Belarus) (monthly), % 100.30 100.50 100.90 100.50 100.80 100.80 100.67
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Macroeconomic Indicators (World economy)

Monthly indices

Type Mar 2017 Feb 2017 Jan 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Belarus) 7.00 7.00 9.50
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