OREANDA-NEWS. June 19, 2008. Bond is a security, which confirms issuer's liability - JSC “Belarussian Industrial Bank” to pay to the owner of security its nominal value in due term with paying fixed interest. The bank issues discount bonds, i.e. the bonds that are sold under its nominal value and are repaid at nominal value.

Volume of issue: 7,0 billion Belarusian rubles. Period of allocation: from May 19th till August 14th of 2008. Period of circulation: from May 19th, of 2008 till May 7th of 2009. Date of maturity: May 14th of 2009.

The advantages of this security are the following:
Higher profitability in comparison with government securities (12,0% p.a. by allocation “till mature” at primary market);
Income gained from operations with bonds is not a subject for income tax;
Are collateralized by immovable property (a part of head office premises in Minsk, 8 Melnikate Str., total area 1 314,8 m2, value 9 232 339 470 Belarusian rubles);
Possibility to re-sale at secondary market.