In Belarus public debt down to BYN35.5bn in October

The direct public debt of Belarus was down BYN0.5bn to BYN35.5bn (USD18.0bn) in October, according to figures published by the FinMin today. Domestic debt edged down to BYN9.8bn at end-October from BYN10.1bn at end-September. The government placed more BYN-denominated bonds in October, bringing total issuance to USD1.37bn and BYN527mn in January-October. At the same time, the government repaid USD140m worth of FX-denominated bonds, bringing the January-October total to USD1.42bn and BUN599m.

External government debt edged up to USD13.5bn at end-October from USD13.4bn at end-September and from USD13.3bn at end-August. The increase in October reflects borrowing primarily from Chinese banks (USD26m net) and Russia (USD20mn net). We recall that Belarus expects the delayed third tranche of a USD2bn loan from the Russia-dominated Eurasian Stabilization and Development Fund in December.

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