28 March 2024, Thursday, 21:04
Support
the website
Sim Sim,
Charter 97!
Categories

Quotes meltdown of Belarusian Eurobonds

1
Quotes meltdown of Belarusian Eurobonds

Quotes of Belarusian Eurobonds began to fall, according to data on the recession of Belarusian economy.

According to Frankfurt Stock Exchange, within a week quotes of the debut release of Belarusian Eurobonds have lost 3 per cent of its maximum this year.

The first half of April was a success for Belarusian Eurobonds: amid reports about negotiations with EURASEC Anti-crisis fund on new loans on April 8 quotes rose to their maximum this year, and fixed at 98.86% of nominal value, remaining at that level until April 14, filling Belarusian officials with optimism, AFN reports.

However, the publication of statistical data on industrial meltdown and GDP for the quarter along with Russia's statements on readiness to refinance foreign debt of Belarus provoked crash of Belarusian quotes.

By past Friday quotes of a debut issue of Belarusian Eurobonds dropped to 98.11 % of the nominal value.

Moody's report about Belarusian rating decrease only expedited the fall. On Tuesday quotes fell to 95.98%, on Wednesday fixed at 95.97% of the nominal value.

Write your comment 1

Follow Charter97.org social media accounts