MINSK, 14 November (BelTA) – There are plans to offer government bonds nominated in Belarusian rubles to foreign investors, BelTA learned from Belarusian Finance Minister Maksim Yermolovich during the parliamentary hearings held on 14 November to discuss the legal and practical aspects of improvement of Belarus' investment climate.The finance minister talked about the Belarusian market of bonds and steps, which are supposed to be taken to develop the market, in particular, steps to form and invigorate the market sector dealing with ruble bonds. “The Finance Ministry will play the main role here. We are talking about offering bonds nominated in Belarusian rubles to foreign investors,” said Maksim Yermolovich.Plans have also been made to introduce a new kind of government bonds intended for qualified investors. “Such bonds will be issued using a simplified procedure. We are talking about creating qualified investors and issuers in order to simplify the bond … [Read more...] about Foreign investors promised government bonds in Belarusian rubles
Government bonds
Turkish Central Bank sells off half of US government bonds in 6 months
Central Bank of the Republic of Turkey (CBRT) has sold off nearly half of its U.S. government bonds in six months, figures from the CBRT and U.S. Treasury have shown. According to official records, from November 2017 to June 2018, Turkey's U.S. government bonds gradually decreased from $61.2 billion to $32.6 billion. The period in which the TCMB started selling off the bonds, late 2017, coincides with the months in which Turkey-U.S. relations got in tatters over U.S. embassy personnel detained for links to the Gülenist Terror Group (FETÖ). In addition to U.S.' support to YPG terrorists in Syria and the fact that Washington has done nothing to even evaluate Turkey's request for the extradition of FETÖ leader Fetullah Gülen, another crisis between the two NATO allies erupted after Turkey arrested American pastor Andrew Brunson over terror links. The U.S. government bonds in Turkey's possession saw another sharp decline upon the Brunson crisis. In March 2018, the bonds … [Read more...] about Turkish Central Bank sells off half of US government bonds in 6 months
Finance ministry wants to relax access of public to government bonds via PrivatBank
The Finance Ministry of Ukraine is working on a possibility of selling government domestic loan bonds on the retail market jointly with PrivatBank, acting Finance Minister of Ukraine Oksana Markarova has said. "We have launched the product in PrivatBank - government domestic loan bonds for the public. We are testing the product as it is (the minimum volume of a transaction is UAH 1 million), and then we will launch it on the retail market. We need some changes to the law to launch it," she wrote on her Facebook page. According to the National Bank of Ukraine, as of August 1, 2018, individuals held government bonds for UAH 3.983 billion, including those pegged to foreign currency for UAH 2.671 billion. The Finance Ministry on July 31 placed hryvnia-pegged government bonds for over UAH 1 billion at 16.82% per annum for three-year bonds and 18% per annum for six-month bonds. Tags: #privatbank #markarova … [Read more...] about Finance ministry wants to relax access of public to government bonds via PrivatBank
Plans to sell Belarusian government bonds in Russia in 2018-2020
MINSK, 31 July (BelTA) – An agreement on providing services to organize the emission of Belarusian government bonds nominated in the Russian Federation currency and issued in Russia was signed in Minsk on 31 July, BelTA learned from the Belarusian Finance Ministry website.The agreement was signed by the Belarusian Finance Ministry, the Russian banks Gazprombank, Sovcombank, Otkritie Bank, and the Eurasian Development Bank.In line with the agreement Gazprombank, Sovcombank, and Otkritie Bank will be organizers. The Eurasian Development Bank will act as a co-organizer in floating Belarusian long-term government bonds on the Russian financial market in 2018-2020.The bonds will be sold via the Moscow Exchange. The terms have yet to be determined together with the organizers.The Belarusian Finance Ministry intends to penetrate the Russian market as part of the efforts to diversify the investor base and borrowing instruments.In 2010 Belarus floated two-year non-convertible … [Read more...] about Plans to sell Belarusian government bonds in Russia in 2018-2020
Banks Sued for Rigging Market for Mexican Government Bonds
More than a half-dozen banks were sued by the pension fund for Boston government employees, which alleged the institutions rigged the market for Mexican government bonds for more than a decade.The Boston Retirement System sued banks including Banco Santander SA, JPMorgan Chase & Co. and Credit Suisse AG in federal court in New York Monday, accusing them of conspiring to fix prices for Mexican government bonds between 2006 and April 2017 by rigging auctions, selling bonds at artificially high prices and fixing spreads. The three banks didn’t immediately respond to requests for comment."This comprehensive scheme resulted in inflated MGB prices, and lower yield for plaintiff and the class they represent while generating supra-competitive profits for defendants," the pension fund said in its complaint.Mexican antitrust regulators announced a probe of price manipulation in the country’s $400 million market for local bonds from government entities in April 2017. Bloomberg … [Read more...] about Banks Sued for Rigging Market for Mexican Government Bonds