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 66 4 906 872 000
EUR 60 2 904 462 000
BYN 29 2 340 799 490
RUR 2 162 000 000
municipal
BYN 122 1 270 200 000
USD 5 620 251 300
corporate
BYN 373 8 519 860 540
USD 167 2 468 372 800
EUR 64 785 857 000
RUR 30 8 063 600 000
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
Lodje, 8% 26jan2018, USD (01) - Domestic bonds BY50002B5997 8% 500 000  USD 01/27/2017 01/26/2018
Glera Sigma, 10% 03jan2024, USD (04) - Domestic bonds BY14012B4234 10% 915 000  USD 01/04/2017 01/03/2024
Glera Ksi, 10% 03jan2024, USD (02) - Domestic bonds BY14012B4259 10% 951 000  USD 01/04/2017 01/03/2024
Glera Ksi, 10.00% 03jan2024, USD (03) - Domestic bonds BY14012B4671 10% 949 000  USD 01/04/2017 01/03/2024
NP-Service, 8% 30dec2026, USD (27) - Domestic bonds BY50002B4594 8% 3 125 000  USD 01/02/2017 12/30/2026
NP-Service, 8% 30dec2026, USD (28) - Domestic bonds BY50002B4602 8% 6 000 000  USD 01/02/2017 12/30/2026
Minsk regional executive committee, 7% 30dec2021, USD (13) - Domestic bonds BY50002B5963 7% 291 727 300  USD 12/30/2016 12/30/2021
NB of Belarus, FRN 27dec2019, EUR (87) - Domestic bonds 83 612 000  EUR 12/29/2016 12/27/2019
NB of Belarus, FRN 29jun2018, EUR (86) - Domestic bonds 83 612 000  EUR 12/29/2016 06/29/2018
NB of Belarus, FRN 3jan2019, EUR (89) - Domestic bonds 47 778 000  EUR 12/29/2016 01/03/2019

Exchange Bond Indices

Daily indices

Type: 01/16/2017 01/11/2017 01/10/2017 01/06/2017 01/05/2017 01/03/2017 12/29/2016
Indices of the exchange bond market (Belarus)
IBYN Composite - Exchange bond       9.28 9.28 9.28 9.28
GBYN Composite - Index of gross revenue       9.44 9.43 9.41 9.40
ITRBYN Composite - Index of total income       19.74 19.64 19.67 19.64
AYS - Index of turnover, % 15.94 18.28 19.44   20.18 20.95 23.45
Yeff - Effective Yield 16.99 18.90 20.68   21.11 19.60 21.79
Iyt - Yield to maturity 15.94 18.28 17.98   18.63 20.95 18.40
Ryt - Gross Yield 15.94 18.28 15.64   18.58 20.95 21.25
DM - Duration to maturity, days 355.00 360.00 1 665.08 5.00 1 295.31 307.00 2 715.92
Indices of the government bond market (Belarus)
Ibyn GOV - Short-term government bond price index        23.11 23.11 23.08 23.08
Gbyn GOV - Index of gross revenue of the short-term government bond market         23.11 23.11 23.08 23.08
ITRbyn GOV - Index of total income of the short-term government bond market        21.84 21.84 21.81 21.81
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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 internetional-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 internetional-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 Dec 2016 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Bond market (Belarus)
Corp. bonds outst., USD mln (Belarus)   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
Gov. bonds outst., USD mil (Belarus)   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
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)  11.353   10.246        
Trade volume by NB RB bonds in foreign currency on BCSE, mln BYN (until 01.07.2016 bln BYR)  137.837   45.781        
Number of deals, NB RB bonds in foreign currency on BCSE  108.000   63.000        
Number of deals, NB RB bonds in foreign currency on OTC  7.000   4.000        
Trade volume by gov. bonds in foreign currency on BCSE, mln BYN (until 01.07.2016 bln BYR)  196.309   139.782 0.000 163.317 167.071 177.473
Number of deals, gov. bonds in foreign currency on BCSE  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)  92.358   59.082 0.000 179.938 105.333 101.257
Number of deals, long-term coupon bonds on BCSE  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
Number of deals, short-term discount bonds on BCSE  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
Number of deals, discount exchange-traded bonds on BCSE  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)  183.131   106.503 0.000 173.616 118.056 155.004
Number of deals, corp. bonds on BCSE  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)  10.575   12.398 0.000 23.565 19.248 25.227
Number of deals, muni. bonds on BCSE  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)  28.376   5.857 0.000 6.920 38.247 7.144
Number of deals, coupon exchange-traded bonds on BCSE  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)  28.347   1.360 0.000 56.407 5.965 1.447
Number of deals, gov. bonds in foreign currency on OTC  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)  33 433.433   5 450.742 0.000 10 453.101 19 287.400 64 693.207
Number of deals, corp. bonds on OTC  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)  20.123   14.298 0.000 31.296 25.830 26.380
Number of deals, muni. bonds on OTC  14.000   7.000 0.000 16.000 10.000 7.000
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Currencies

Daily indices

Type: 01/17/2017 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017
Exchange rates of Central Banks (CIS)
EUR/BYN 2.0699 2.0740 2.0774 2.0803 2.0810 2.0650 2.0676
USD/BYN 1.9548 1.9509 1.9542 1.9697 1.9640 1.9597 1.9538
RUB/BYN  0.0328 0.0329 0.0329 0.0328 0.0328 0.0327 0.0328
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Interbank market

Daily indices

Type: 12/29/2016 12/01/2016 11/29/2016 03/18/2016 03/17/2016 03/16/2016 03/15/2016
Interbank Credits (Belarus)
Average interest rate of 1-day interbank loans, %  10.6 10.0 10.0 29.9 29.9 29.8 26.2
Average interest rate of 1-day interbank USD loans, %  0.8 0.7 0.6 0.6 0.8 0.5 0.6
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Money market

Periodic indices

123Type: Current value Change Last update
CIS Central Banks Rates
NB of Belarus refinancing rate, %  18.00 -2 17.08.2016
Overnight loans (Belarus)
Rate loan overnight, %  23.00 0 19.10.2016
Rate deposit overnight, %  11.00 -2 19.10.2016

Credit Risk Indicators

Daily indices

Type: 01/17/2017 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017
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 Sep 2016 Aug 2016 Jul 2016 Jun 2016 May 2016 Apr 2016 Mar 2016
Money market indicators (Belarus)
Consumer Prices (CPI, Belarus) (monthly), % 100.67 99.85 100.35 100.39 100.49 100.71 100.83
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Аrchives

Daily indices

Type: 03/18/2016 03/17/2016 03/16/2016 03/15/2016 03/14/2016 03/11/2016 03/10/2016
old and liquidate
Average interest rate of interbank loans, total, %  29.9 29.8 29.9 26.4 28.8 29.7 29.8
Average interest rate of interbank call loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Intraday averageinterest rate of interbank loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 2-day interbank loans, %  0.0 0.0 30.0 30.0 28.9 0.0 0.0
Average interest rate of 3-day interbank loans, %  0.0 0.0 0.0 30.0 0.0 0.0 0.0
Average interest rate of 4 to 7 day interbank loans, %  30.0 29.8 30.0 29.0 30.0 29.9 30.0
Average interest rate of 8 to 14 day interbank loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 15 to 21 day interbank loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 22 to 30 day interbank loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 31 to 60 day interbank loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of interbank loans over 60 days, BYR mn  0.0 0.0 0.0 30.0 0.0 0.0 0.0
Average interest rate of interbank USD loans, total, %  0.6 1.0 0.6 0.7 1.1 0.8 0.5
Average interest rate of interbank USD call loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Intraday averageinterest rate of interbank USD loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 2-day interbank USD loans, %  0.0 0.0 2.0 1.6 0.0 0.0 0.0
Average interest rate of 3-day interbank USD loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 4 to 7 day interbank USD loans, %  2.5 0.4 0.0 2.5 2.0 0.4 0.4
Average interest rate of 8 to 14 day interbank USD loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 15 to 21 day interbank USD loans, %  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average interest rate of 22 to 30 day interbank USD loans, %  0.0 0.0 0.0 0.0 0.0 4.0 0.0
Average interest rate of 31 to 60 day interbank USD loans, %  0.0 4.2 5.4 0.0 4.8 3.5 0.0
Average interest rate of interbank USD loans over 60 days, %  1.8 1.9 1.4 1.5 1.4 2.3 5.3
Average trading volume of interbank loans, total, mln BYN (until 01.07.2016 BYR mln)  2 674 866.0 1 342 923.0 2 234 050.0 2 192 570.0 2 998 300.0 1 415 428.0 1 924 087.0
Average trading volume of interbank call loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Intraday average trading volume of interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 1-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  1 562 750.0 969 800.0 774 050.0 2 078 870.0 2 828 300.0 1 068 300.0 1 203 350.0
Average trading volume of 2-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 1 400 000.0 18 000.0 120 000.0 0.0 0.0
Average trading volume of 3-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 25 000.0 0.0 0.0 0.0
Average trading volume of 4 to 7-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  1 112 116.0 373 123.0 60 000.0 50 000.0 50 000.0 347 128.0 720 737.0
Average trading volume of 8 to 14-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 15 to 21-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 22 to 30-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 31 to 60-day interbank loans, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of interbank loans over 60 days, mln BYN (until 01.07.2016 BYR mln)  0.0 0.0 0.0 20 700.0 0.0 0.0 0.0
Average trading volume of interbank loans, total, USD th  82 475.6 112 718.9 70 619.3 71 833.6 42 774.5 145 689.9 88 692.6
Average trading volume of interbank call loans, USD th  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Intraday average trading volume of interbank loans, USD th  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 1-day interbank loans, USD th  81 613.1 40 918.1 63 976.0 66 728.4 41 390.4 72 761.0 28 345.2
Average trading volume of 2-day interbank loans, USD th  0.0 0.0 6 342.7 2 835.6 0.0 0.0 0.0
Average trading volume of 3-day interbank loans, USD th  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 4 to 7-day interbank loans, USD th  800.0 59 216.8 0.0 2 100.0 556.1 58 000.0 59 645.2
Average trading volume of 8 to 14-day interbank loans, USD th  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 15 to 21-day interbank loans, USD th  0.0 0.0 0.0 0.0 0.0 0.0 0.0
Average trading volume of 22 to 30-day interbank loans, USD th  0.0 0.0 0.0 0.0 0.0 10 419.1 0.0
Average trading volume of 31 to 60-day interbank loans, USD th  0.0 11 768.0 54.2 0.0 669.7 1 747.4 0.0
Average trading volume of interbank loans over 60 days, USD th  62.6 816.0 246.5 169.5 158.3 2 762.4 702.2
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Monthly indices

Type Aug 2016 Jul 2016 Jun 2016 May 2016 Apr 2016 Mar 2016 Feb 2016
old and liquidate
Money Supply national definition(M2), mln BYN (until 01.07.2016 bln BYR)  9 327.30 9 031.50 90 991.80 87 069.30 83 031.40 82 928.50 81 112.70
Money Supply (M3), mln BYN (until 01.07.2016 bln BYR) 33 027.60 32 908.70 335 264.40 329 795.50 324 603.20 336 701.50 353 031.20
Wide monetary base, mln BYN (until 01.07.2016 bln BYR)  4 352.70 4 270.10 41 346.70 39 714.30 40 155.00 40 915.40 42 350.10
International reserves of Belarus (in accordance with the methodology of the IMF), USD, mil  4 711.90 4 629.60 4 314.20 4 271.60 4 228.50 4 191.40 4 111.00
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Quarterly indices

Type II 2016 I 2016 IV 2015 III 2015 II 2015 I 2015 IV 2014
old and liquidate
Gross External Debt (Belarus), USD mln  38 215.80 38 616.80 38 275.00 38 217.20 37 935.10 38 230.80 40 061.40

Yearly indices

Type 2015 2014 2013 2012 2011 2010 2009
old and liquidate
GDP volume (Belarus), USD mil  54 944.10 65 692.40 66 959.40 63 270.00 57 015.00 54 614.50 49 193.20