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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of September 28, 2017 No. 722

About some questions of issue, the address and repayment of the government bonds of the Republic of Belarus placed in the domestic financial market

(as amended of the Resolution of Council of Ministers of the Republic of Belarus of 02.07.2021 No. 380)

Based on paragraph two of subitem 1.1 of Item 1 of the Presidential decree of the Republic of Belarus of April 28, 2006 No. 277 "About some questions of regulation of the security market", Item 5 of Article 52 and Item 2 of Article 56 of the Budget code of the Republic of Belarus and the paragraph of the fifth of article 6 of the Law of the Republic of Belarus of January 5, 2015 "About the security market" the Council of Ministers of the Republic of Belarus DECIDES: No. 231-Z

1. Approve Regulations on procedure for issue, the address and repayment of the government bonds of the Republic of Belarus placed in the domestic financial market it (is applied).

2. Recognize invalid resolutions of Council of Ministers of the Republic of Belarus and their separate structural elements according to appendix.

3. To the Ministry of Finance in six-months time to bring the regulatory legal acts into accord with this resolution.

4. This resolution becomes effective in six months after its official publication, except for Item 3, of the official publication of this resolution which is becoming effective later.

Prime Minister of the Republic of Belarus

A. Kobyakov

Approved by the Resolution of Council of Ministers of the Republic of Belarus on September 28, 2017 No. 722

Regulations on procedure for issue, the address and repayment of the government bonds of the Republic of Belarus placed in the domestic financial market

Chapter 1. General provisions

1. This Provision determines features of issue, the address and repayment of the government bonds of the Republic of Belarus placed in the domestic financial market (further – bonds).

2. The Ministry of Finance (further – the issuer) on behalf of the Republic of Belarus performs issue of registered bonds and bonds to bearer which nominal value is expressed in Belarusian rubles or foreign currency.

3. Bond emission is performed by separate releases based on the decision of the issuer on bond issue (further – the decision on bond issue) containing the following data:

sequence number of release;

identification number of release;

release amount (or specifying on the fact that the amount of release is open);

nominal value of bonds;

currency of nominal value of bonds;

circulation period;

term and method of placement;

size, procedure and conditions of payment of the income;

date (dates), term and repayment provisions of bonds;

procedure and conditions of early bond buyback;

specifying on that, bonds nominal or to bearer are;

specifying on category of bondholders (legal and (or) physical persons, residents and (or) nonresidents of the Republic of Belarus).

4. The issuer can perform early bond buyback for the purpose of their subsequent sale or early repayment.

The early bond buyback is made by the issuer through the banks of the Republic of Belarus having special permission (license) for implementation of professional and exchange activity on securities and being the issuer's agents (further – agent banks), according to the agreements signed by the issuer with these banks (further – agreements), in trade system of Belarusian Currency and Stock Exchange open joint stock company (further – the exchange) or by the conclusion of the contract with the bondholder.

5. On each bond issue the issuer draws up the questionnaire of issue of securities according to the legislation on securities.

6. Placement, repayment (the early redemption) of bonds, including due to issue of new bonds, and payment of the income for them are performed in currency in which their nominal value is expressed.

7. Depositary accounting of the rights to registered bonds is performed by authorized depositaries:

National Bank;

central depositary of the Republic of Belarus;

depositaries, being residents or nonresidents of the Republic of Belarus, determined by the central depositary in coordination with the issuer.

8. Information on bond issues is posted by the issuer on the global computer Internet on the official site of the issuer.

Chapter 2. Registered bonds

9. Registered bonds can be discount (which owners gain income due to bonds acquisition at the price below nominal value and repayment by their issuer at par value) and percentage (which owners gain income in type of percent from nominal value).

Interest bearing bonds are placed at par value, below or above nominal value. Interest income is paid to the owner of the interest bearing bond periodically during the term of its address and (or) in case of repayment.

10. Placement of registered bonds is performed according to the procedure, established by the issuer, way:

open sale:

at the auctions held by the issuer in trade system of the exchange;

in trade system of the exchange without holding the auction, including with use of systems of remote bank servicing;

the closed sale (based on the agreement signed by the issuer with the legal entity who is the resident or the nonresident of the Republic of Belarus).

11. Authorized depositaries submit to the central depositary summary requests for repayment (the early redemption) and (or) payment of interest income for registered bonds in three working days prior to the repayment date (the early redemption) specified in the decision on bond issue and (or) payments of interest income.

12. The issuer fulfills obligations on repayment (the early redemption) of registered bonds and (or) payment of interest income for them by money transfer to authorized depositaries in two working days prior to repayment date (the early redemption) and (or) the payment of interest income specified in the decision on bond issue.

13. Completion date issuer of obligations on repayment (the early redemption) of registered bonds and (or) payment of interest income is date of cash write-off from the account on accounting of means of the republican budget.

14. The authorized depositaries which are residents of the Republic of Belarus after receipt of money from the issuer on repayment date (the early redemption) and (or) payment of interest income for registered bonds perfrom calculations with owners of registered bonds by money transfer on the bank accounts of owners of registered bonds opened in banks of the Republic of Belarus or foreign banks.

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