INSTRUCTIONS for Eurobonds holding investor on opening of a current (settlement) bank account

As part of the implementation of the resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus dated 26.09.2022 No.643/20 "On carrying out certain transactions in government securities" (hereinafter Resolution No.643/20) the Ministry of Finance of the Republic of Belarus performs coupon yield payment, early redemption and repayment of the following Eurobond issues:

Belarus-2031 XS2120882183 US07737JAD54 6.378%

Belarus-2030 XS1760804184 US07737JAC71 6.2%

Belarus-2027 XS1634369224 US07737JAA16 7.625%

Belarus-2026 XS2120091991 US07737JAE38 5.875%

Belarus-2023 XS1634369067 US07737JAB98 6.875%
(hereinafter Eurobonds)

A memo on the mandatory actions of an investor-owner of Eurobonds, taking into account each possible option for fulfilling obligations on Eurobonds at the choice of the holder (owner), is posted on the website of the Ministry of Finance of the Republic of Belarus (https://www.minfin.gov.by/ru/public_debt/pressreleases/67ebdd84a94c48df.html).

For early redemption of the mentioned Eurobond issues an investor individuals, regardless of its residency, and in the absence of confirmation of the servicing bank of the possibility to credit funds in US dollars, needs to open a current (settlement) bank account in Belarusian rubles (in case of its absence).

At present, Belarusbank can make USD payments mainly to customer accounts with banks in Russia and China.

In order to receive coupon yield payments on the mentioned Eurobond issues, including at their repayment, an investor individuals, regardless of its residency, needs to open a current (settlement) bank account in Belarusian rubles (in case of its absence).

There is no necessity to open a current (settlement) bank account if such an account already exists in other banks of the Republic of Belarus.

Consultations on current (settlement) bank account opening (hereinafter - account) with Belarusbank can be obtained through:

Belarus' single inquiry telephone number: 147

+375 17 218 84 31, including for calls from beyond Belarus

live support at belarusbank.by

At present, non-resident customers of Belarusbank may open accounts by submitting documents personally or via a person authorized on the basis of a power of attorney.

The bondholder issues a power of attorney for account opening and disposal of funds thereon (if necessary) to an authorized person who is able to personally appear at the bank.

Opening of an account for an individual holder of Belarus' Eurobonds:

For non-residents of the Republic of Belarus:

Currently, it is possible to open an account in the bank's divisions.

To open an account the following documents should be presented:

identity document of an individual:

statement of the status of custody account of Eurobond holder or other document confirming the rights of the Eurobond holder to the corresponding number of Eurobonds, as well as indicating the absence of encumbrances (restrictions) of these rights;

a representative of the individual additionally provides a power of attorney containing the relevant powers.

The bank's division will also need to complete a questionnaire for the customer.

Documents, including identity documents, submitted to the bank by both non-residents and residents, must be drawn up in Russian or Belarusian or translated into Russian or Belarusian (including the body of the document, the endorsement of certification (inscriptions), the seal (seals) and the apostille on it (if any)). The authenticity of the translator's signature on the translation of documents or the accuracy of the translation must be attested by:

the persons authorized to perform notarial acts – notaries or diplomatic/consular institutions of the Republic of Belarus;

a foreign authorized body (institution, person).

Documents issued or drawn up outside the Republic of Belarus must be legalized or apostilled, with the exception of documents originating from the countries with which the Republic of Belarus has concluded relevant international agreements.

The need for legalization/apostilling should be inquired at the diplomatic/consular offices of the Republic of Belarus or at the Ministry of Foreign Affairs of the non-resident's host country.

For residents of the Republic of Belarus:

It is possible to open an account in the bank's divisions, as well as in the Internet Banking system.

In order to open an account in a bank division a resident Eurobonds holder must present an identity document of an individual.

The representative of an individual additionally provides a power of attorney containing the relevant powers.

The funds received on Eurobonds are credited to the account of an individual opened with Belarusbank without charging fees.

Fees for other transactions are charged in accordance with the list and amounts established by the bank effective as of the date of the transaction, or the date of the service provision.

Fees for the transfer operations performed by the bank

2.1 SETTLEMENT AND CASH SERVICES

Sr  
No.

Operation name

Fee amount

Note

2.1.7.

Bank transfers in foreign currency, cash payments in foreign currency:

- to legal entities accounts, opened with the Bank (except for transfers the final beneficiary of which is the Bank itself);

- to any accounts opened with other banks of the Republic of Belarus

BYN 17.00

Except for bank transfers (payments) in foreign currency to legal entities accounts opened with the Bank for buying digital characters (tokens).

The fee shall be paid by an individual. In case of a bank transfer execution through a network of correspondent accounts of banks of the Republic of Belarus using foreign banks accounts (in foreign banks), a fee is charged in accordance with subparagraph 2.1.9 of this Fee Schedule.

Within the full package of services, transfers shall be made to fulfill obligations to the Bank under loan agreements

2.1.9.

International bank transfers in foreign currency (through correspondent accounts, opened with foreign banks):

 

If in case of return of an international bank transfer by the correspondent bank (beneficiary's bank) before such return an additional fee is charged due to provision by the client of incorrect payment order details, the Bank shall charge this fee from the client in Belarusian rubles by purchasing foreign currency out of the amount of return at the rate established by the National Bank as of the date of fee deduction by the Bank. If the return amount of the international bank transfer is insufficient to reimburse additional fee of the correspondent bank, the resulting difference shall be paid by the client to the Bank in Belarusian rubles at the rate established by the National Bank as of the date of accrual by the Bank of the fee (the created difference).

2.1.9.1.

performance of an international bank transfer, expenses for sender's account

BYN 50.00 

When transferring funds in USD, US banks may charge additional fee from USD transfer amount.

2.1.11.

Execution of a payment order for an international transfer at the request of the client

BYN 8.00 (incl. VAT)

 

The cash funds on Eurobonds are disbursed from individual's account with Belarusbank without charging fees.

We offer bonds and deposits of Belarusbank for placement of funds in Belarusian rubles for the period of up to 3 years and a maximum interest of 16.3% p.a.

Detailed information is available at belarusbank.by.

1

Should additional questions arise regarding the implementation of the resolution of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus dated 26.09.2022 No.643/20 "On carrying out certain transactions in government securities" please contact:

the Ministry of Finance of the Republic of Belarus on the telephone +375 17 309 41 92 or e-mail publicdebt@minfin.gov.by;

the Central Securities Depository of the Republic of Belarus on issues of application receipt on the telephone +375 17 375 32 24 or e-mail eurobonds@centraldepo.by;

Belarusbank by e-mail eurobonds@belarusbank.by.

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