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Finance ministry to hold third auction to sell foreign-currency bonds

The finance ministry will hold a third auction to sell its foreign-currency bonds to legal entities at the Belarusian Currency and Stock Exchange (BCSE) on July 29.

The ministry plans to raise $9 million through the auction, said its press office.

The bonds have a 7.25-percent coupon and will reach maturity in February 2017, said the press office. One bond is priced at $50,000. Interest will be paid to bond holders once in three months.

The finance ministry sold $50 million in bonds in the first-ever bond auction at the BCSE this past April and $41 million in another auction on July 23.//BelaPAN