JSC Belagroprombank gives its clients an opportunity to get additional profit by investing temporary free funds into registered bonds that are currently one of the most attractive financial instruments in the securities market.
Bonds can be owned by legal entities and individual entrepreneurs in accordance with the terms and conditions as set forth in the decision/prospectus for bond issue.
JSC Belagroprombank issues:
- Bonds secured by obligations of principal debt repayment and payment of interest on loans provided by the bank for construction, reconstruction or purchase of housing against security of immovable property;
- Unsecured bonds issued in accordance with subclause 1.8. clause 1 of the Decree of the President of the Republic of Belarus dd. 28 April 2006 №277 "On some matters of regulation of the securities market";
- Exchange-traded bonds.
Benefits of this financial instrument:
- Yield on bonds is tax free. In accordance with the Special part of the Tax Code of the Republic of Belarus profit from sale and redemption of bonds, including interest income, is not subject to taxation.
- High yield. Taking into account preferential tax treatment, profit from investments into bonds exceeds deposit yield;
- Regular interest yield payments. Yield on interest bearing bonds is paid on the dates as set forth in the decision/prospectus for bond issue;
- Bonds can be issued in different currencies (in Belarusian rubles, USD, Euro, Russian rubles);
- Various terms of placement of temporary free funds into the Bank’s bonds (from 6 months to 5 years);
- The bank’s bonds are included into the Lombard List of Securities accepted by the National Bank of the Republic of Belarus as collateral for lombard and other loans;
- Free circulation of bonds on the secondary market through trading system of JSC Belarusian Currency and Stock Exchange;
- Possibility to sell bonds to the bank before the due date. Bondholders have the possibility to sell bonds to the bank before the redemption due date as set forth in the decision/prospectus for bond issue;
- High reliability of bonds;
- Possibility of bond issuance for organizations on a case-by-case basis.
Principal terms and conditions of issue, circulation and redemption of bonds:
| Bonds issued in accordance with subclause 1.8 clause 1 of the Decree of the President of the Republic of Belarus dd. 28.04.2006 № 277 “On some matters of regulation of the securities market” (in the amount of the regulatory capital) | |||
|---|---|---|---|
| No. | Parameter | Issue 237 | |
| 1 | Type of bonds | Registered, non-convertible, book entry interest-bearing bonds with yield payable to bearer | |
| 2 | Type of offering | Public sale via placement on the over-the-counter market | |
| 3 | Borrowing currency | Belarusian ruble | |
| 4 | Issuing volume, BYN | 40 000 000 | |
| 5 | Par value, BYN | 100 | |
| 6 | Number of bonds issued | 400 000 | |
| 7 | Offering period | 4 years(20.04.2020 – 19.04.2024) | |
| 8 | Circulation period | 3 642 calendar days(20.04.2020 – 10.04.2030) | |
| 9 | Yield, % per annum | 0,1 % | |
| 10 | Maturity date | 10.04.2030 | |
| 11 | Yield payment | quarterly:10th of July/October/January/April | |
| 12 | Possibility of bonds purchase by the bank prior to maturity date | Bonds purchase by the bank on a mandatory basis under the terms and conditions defined in Clause 13 | |
| 13 | The bank’s obligation to purchase bonds prior to maturity date | - within the yield payment due date (except for 10.04.2030);- within other terms | |
| 14 | Possibility of early redemption | On the bank’s initiative on the basis of the relevant decision of the bank’s Supervisory Board | |
| Bonds issued in accordance with subclause 1.8 clause 1 of the Decree of the President of the Republic of Belarus dd. 28.04.2006 № 277 “On some matters of regulation of the securities market” (in the amount of the regulatory capital) | |||
|---|---|---|---|
| No. | Parameter | Issue 236 | |
| 1 | Type of bonds | Registered, non-convertible, book entry interest-bearing bonds with yield payable to bearer | |
| 2 | Type of offering | Public sale via placement on the over-the-counter market | |
| 3 | Borrowing currency | Belarusian ruble | |
| 4 | Issuing volume, BYN | 100 000 000 | |
| 5 | Par value, BYN | 100 | |
| 6 | Number of bonds issued | 400 000 | |
| 7 | Offering period | 4 years 11 months (06.07.2020 – 05.06.2025) | |
| 8 | Circulation period | 1 825 calendar days (06.07.2020 – 05.07.2025) | |
| 9 | Yield, % per annum | RR* (from 06.07.2020 to 05.07.2021); RR*+1,5 p.p. (from 06.07.2021 to 05.07.2022), for each subsequent four periods of yield accrual, i.e. for each subsequent year - set by the Management Board of the Bank | |
| 10 | Maturity date | 05.07.2025 | |
| 11 | Yield payment | quarterly:5th of October/January/April/July | |
| 12 | Possibility of bonds purchase by the bank prior to maturity date | - within the yield payment due date (except for 05.07.2025);- within other terms on the conditions approved by an authorized body or an authorized person of the bank;- at the bank's request | |
| 13 | The bank’s obligation to purchase bonds prior to maturity date | 05.07.2021, 05.07.2022, 05.07.2023, 05.07.2024at the request of bondholders in the event that the amount of bond yield established by the bank for the subsequent two periods of yield accrual, i.e. for six months, is below the amount of yield effective in the last current interest period | |
| 14 | Possibility of early redemption | On the bank’s initiative on the basis of the relevant decision of the bank’s Supervisory Board | |
In accordance with the issue documents of the 236th issue of bonds of the bank, the Board of the bank on 13.05.2021 decided to establish the amount of income for the 5-8 periods of interest income accrual at the level of the RR (taking into account its changes) + 1,5 p.p.
| Bonds issued in accordance with subclause 1.8 clause 1 of the Decree of the President of the Republic of Belarus dd. 28.04.2006 № 277 “On some matters of regulation of the securities market” (in the amount of the regulatory capital) | |||
|---|---|---|---|
| No. | Parameter | Issue 235 | |
| 1 | Type of bonds | Registered, non-convertible, book entry interest-bearing bonds with yield payable to bearer | |
| 2 | Type of offering | Public sale via placement on the over-the-counter market | |
| 3 | Borrowing currency | Belarusian ruble | |
| 4 | Issuing volume, BYN | 100 000 000 | |
| 5 | Par value, BYN | 100 | |
| 6 | Number of bonds issued | 1 000 000 | |
| 7 | Offering period | 4 years 11 months(22.06.2020 – 21.05.2025) | |
| 8 | Circulation period | 1 824 calendar days (22.06.2020 – 20.06.2025) | |
| 9 | Yield, % per annum | RR*+0,9 p.p. (from 22.06.2020 to 20.12.2020); RR*+9,25 p.p. (from 21.12.2020 to 20.06.2021); RR*+7 p.p. (from 21.06.2021 to 20.12.2021), for each subsequent two periods of yield accrual, i.e. for each subsequent six months - set by the Management Board of the Bank | |
| 10 | Maturity date | 20.06.2025 | |
| 11 | Yield payment | quarterly:20th of September, December, March, June | |
| 12 | Possibility of bonds purchase by the bank prior to maturity date | - within the yield payment due date (except for 20.06.2025);- within other terms on the conditions approved by an authorized body or an authorized person of the bank;- at the bank's request | |
| 13 | The bank’s obligation to purchase bonds prior to maturity date | 20.12.2020, 20.06.2021, 20.12.2021, 20.06.2022, 20.12.2022, 20.06.2023, 20.12.2023, 20.06.2024, 20.12.2024at the request of bondholders in the event that the amount of bond yield established by the bank for the subsequent two periods of yield accrual, i.e. for six months, is below the amount of yield effective in the last current interest period | |
| 14 | Possibility of early redemption | On the bank’s initiative on the basis of the relevant decision of the bank’s Supervisory Board | |
In accordance with the issue documents of the 235th issue of bonds of the bank, the Board of the bank on 03.11.2020 decided to establish the amount of income for the 3 and 4 periods of interest income accrual at the level of the RR (taking into account its changes) + 9,25 p.p.
In accordance with the issue documents of the 235th issue of bonds of the bank, the Board of the bank on 13.05.2021 decided to establish the amount of income for the 5 and 6 periods of interest income accrual at the level of the RR (taking into account its changes) + 7 p.p.
| Bonds issued in accordance with subclause 1.8 clause 1 of the Decree of the President of the Republic of Belarus dd. 28.04.2006 № 277 “On some matters of regulation of the securities market” (in the amount of the regulatory capital) | |||
|---|---|---|---|
| No. | Parameter | Issue 233 | Issue 234 |
| 1 | Bond type | Registered, non-convertible, book entry interest-bearing bonds with yield payable to bearer | |
| 2 | Bond holder | Legal entities and individual entrepreneurs | |
| 3 | Borrowing currency | Belarusian ruble | |
| 4 | Issuing volume | 150 mln. | 300 mln. |
| 5 | Par value | 100 | 100 |
| 6 | Number of bonds issued | 1 500 000 | 3 500 000 |
| 7 | Type of offering | Public sale via placement on the over-the-counter market | |
| 8 | Offering period | 1 797 calendar days (27.05.2019 through 26.04.2024) | |
| 9 | Circulation period | 1827 calendar days (27.05.2019 through 27.05.2024) | 1 825 calendar days (27.05.2019 through 25.05.2024) |
| 10 | Due date | 27.05.2024 | 25.05.2024 |
| 11 | Yield, % per annum | 1% | RR*+0,5 p.p. (from 28.05.2019 to 25.05.2020),RR+0,5 p.p. (from 26.05.2020 to 25.05.2021),RR+4,75 p.p. (from 26.05.2021 to 25.05.2022)for each subsequent four periods of income accrual (i.e. for each subsequent year) – is established by the Board of the bank |
| 12 | Yield payment | 10.08.2019, 10.11.2019, 10.02.2020, 10.05.2020, 10.08.2020, 10.11.2020, 10.02.2021, 10.05.2021, 10.08.2021, 10.11.2021, 10.02.2022, 10.05.2022, 10.08.2022, 10.11.2022, 10.02.2023, 10.05.2023, 10.08.2023, 10.11.2023, 10.02.2024, 10.05.2024, 27.05.2024 | 25.08.2019, 25.11.2019, 25.02.2020, 25.05.2020, 25.08.2020, 25.11.2020, 25.02.2021, 25.05.2021, 25.08.2021, 25.11.2021, 25.02.2022, 25.05.2022, 25.08.2022, 25.11.2022, 25.02.2023, 25.05.2023, 25.08.2023, 25.11.2023, 25.02.2024, 25.05.2024 |
| 13 | Possibility of purchase of bonds by the bank before maturity | - on the date of yield payment (except for 27.05.2024);- in other terms on the terms approved by the authorized body or authorized person of the bank;- at the request of the bank | - on the date of yield payment (except for 25.05.2024);- in other terms on the terms approved by the authorized body or authorized person of the bank;- at the request of the bank |
| 14 | Possibility of early redemption | on the initiative of JSC Belagroprombank on the basis of the relevant decision of the Supervisory Board of the Bank | |
* RR – refinancing rate of the National Bank of the Republic of Belarus
In accordance with the issue documents of the 234th issue of bonds of the bank, the Board of the bank on 26.02.2020 decided to establish the amount of income for the 5-8 periods of interest income accrual at the level of the RR (taking into account its changes) + 0,5 p.p.
In accordance with the issue documents of the 234th issue of bonds of the bank, the Board of the bank on 20.04.2021 decided to establish the amount of income for the 9-12 periods of interest income accrual at the level of the RR (taking into account its changes) + 4,75 p.p.
Overview of bond issues and bond issue prospectuses:
Bond issue 225
Bond issues 233
Bond issues 234
Bond issue 235
Bond issue 236
Bond issue 237
