Priorbank starts selling bonds of series 5-7 to legal entities

Priorbank started selling bonds of series 5-7 to legal entities on July 1, according to the bank’s press release. The bonds are secured by the bank’s capital. The issues total Br60bn. Bonds of the 5th issue yield 11.5% p.a., bonds of 6-7 series pay 1.5%+refinancing rate of the Central Bank of Belarus. The issues mature in 442, 654 and 1,172 days respectively. The placement will end on December 31, 2008.

• Status
  redeemed
• Country of risk
  Belarus
• Redemption (put/call option)
  *** (***)
• Amount
  20,000,000,000 BYR
• М/S&P/F
  — / — / —

• Full name
  Priorbank
• Registration country
  Belarus
• Industry
  Banks