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The document ceased to be valid since  November 6, 2016 according to Item 2 of the Resolution of the Ministry of Finance of the Republic of Belarus of October 13, 2016 No. 92

RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of December 6, 2006 No. 153

About approval of the Instruction about procedure for early repayment and exchange of government bonds of the Republic of Belarus

(as of January 26, 2010)

Based on Item 13 of the main conditions of release of the separate government securities of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of February 13, 2003 No. 173, and Item 131 of the main conditions of release, placement and repayment of the government bonds nominated in foreign currency, approved by the resolution of Council of Ministers of the Republic of Belarus of December 10, 1999 No. 1929, the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction about procedure for early repayment and exchange of government bonds of the Republic of Belarus.

2. This resolution becomes effective from the date of entry into force of subitem 1.2 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" (The national register of legal acts of the Republic of Belarus, 2006, No. 71, 1/7529).

 

Minister N.P.Korbut

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of December 6, 2006 No. 153

The instruction about procedure for early repayment and exchange of government bonds of the Republic of Belarus

Chapter 1. General provisions

1. The instruction about procedure for early repayment and exchange of government bonds of the Republic of Belarus (further - the Instruction) establishes general procedure for early repayment and exchange of the government short-term and government long-term bonds of the Republic of Belarus which are issued according to the main conditions of release of separate government securities of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of February 13, 2003 No. 173 (The national register of legal acts of the Republic of Belarus, 2003, No. 22, 5/11958), and the government bonds nominated in foreign currency which are issued according to the main conditions of release, placement and repayment of the government bonds nominated in foreign currency, approved by the resolution of Council of Ministers of the Republic of Belarus of December 10, 1999 No. 1929 (The national register of legal acts of the Republic of Belarus, 2000, № 2, 5/2219).

2. For the purposes of this Instruction terms and concepts of the following values are used:

early repayment of the government short-term and government long-term bonds of the Republic of Belarus and the government bonds nominated in foreign currency (further - bonds), - repayment by the redemption of all amount of bond issue or its part before the repayment date established in the decision on bond issue on current value of the bond;

exchange of bonds - exchange of certain number of bonds in case of approach of terms of their repayment to certain number of bonds of other release without money transfer on their repayment to the bondholder.

3. Early repayment and exchange of bonds are performed based on the decision of the Ministry of Finance of the Republic of Belarus (further the Ministry of Finance).

As the initiator of early repayment and exchange of bonds the bondholder (further - the investor) or the Ministry of Finance can act.

Chapter 2. Early repayment of bonds

4. Early repayment of bonds is made in the following procedure:

4.1. the investor submits to the Ministry of Finance the application for early repayment of bonds according to appendix 1 to this Instruction;

4.2. The Ministry of Finance considers the request of the investor for early repayment of the bond and makes the relevant decision.

4.3. The Ministry of Finance signs the contract for early repayment of bonds with the investor and draws up the order about satisfaction of the request for early repayment of bonds according to appendix 2 to this Instruction;

4.4. The Ministry of Finance not later than one working day (for the bonds nominated in foreign currency - in two working days) about day of early repayment of bonds represents to the republican unitary enterprise "Republican Central Securities Depository" (further - RUP "RTsDTsB") the copy of the contract with the investor on early repayment of bonds and the order about satisfaction of the request for early repayment of bonds;

4.5. no later than day of early repayment (for the bonds nominated in foreign currency - in two working days prior to date of early repayment) the investor gives to authorized depositary the assignment of "depot" on the translation of bonds from the account of "depot" of the investor in authorized depositary into the account of "depot" of the Ministry of Finance in RUP "RTsDTsB";

4.6. The Ministry of Finance in day of early repayment (for the bonds nominated in foreign currency - in two working days prior to day of early repayment of bonds) shall transfer to account the investor the money necessary for early repayment of all amount of bond issue or its part after RUP "RTsDTsB" notifies the Ministry of Finance on the translation of ahead of schedule redeemable bonds from the investor into the account of "depot" of the Ministry of Finance in RUP "RTsDTsB" by provision to the Ministry of Finance of the statement about transactions on its account by "depot".

Chapter 3. Exchange of bonds

5. Exchange of bonds is performed in the following procedure:

5.1. The Ministry of Finance according to the agreement signed with the investor makes the decision on exchange of bonds and not later than one working day (for the bonds nominated in foreign currency, - in two working days) about day of exchange of bonds directs to RUP "RTsDTsB" the order of "depot" to the translation of the bonds which are subject to exchange from the account of "depot" of the Ministry of Finance in RUP "RTsDTsB" into the account of "depot" of the investor in authorized depositary and the copy of the contract with the investor;

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