Belarus’ finance ministry said that it paid the equivalent of $38.6mn in coupons on its offshore bonds in Belarusian rubles due to the limiting effect of Western sanctions on its ability to make payments in the original currency. The above interest amount paid caters to its bonds due 2026 and 2031, the finance ministry added.

Belarus’ dollar bonds are currently trading at distressed levels of ~17-22 cents on the dollar.

For the full story, click here

Show Buttons
Hide Buttons