OREANDA-NEWS. September 29, 2010. As of 01.09.2010, 47 interest yield GLTB issues (including 5 bond issues with the par value of BYR 1,000,000.00 and 42 bond issue for the par value of BYR 100,000.00 per bond), 1 discount yield GLTB issue (par value is BYR 100,000.00 per bond) have been admitted to the BCSE circulation.

In August 2010, there were 572 government securities transactions amounting to BYR 1 190.02 billion or 10 199 293 bonds (there were 1 603 transactions amounting to BYR 3 712.30 billion, or 34 972 061  bonds in August 2009).

In August 2010, the “before redemption” transactions weighted average yield regarding DGLTB[1] was 4.26 % per year, regarding IGLTB[2] was 15.84% per year. An average REPO rate, regardless REPO period, regarding DGLTB was 8.47% per year, regarding IGLTB was 9.31% per year.

As of 01.09.2010, 27 banks and 14 non-banks securities market professional participants were admitted to the government securities secondary trades. Belarusbank became the operation volume leader, and Bank Moscow-Minsk became the leader by number of transactions in the secondary government securities market in August 2010.

The secondary short-term bonds of the National Bank market

As of 01.09.2010, 3 STB issues were admitted to the exchange circulation.

There were no transactions in STB concluded in the BCSE trade system neither in August 2010 nor in August 2009.

The primary corporate bond market (Local Loans Bonds (LLB) exclusive)

As of 01.09.2010, 5 bond issues of 3 issuers were admitted to the exchange distribution. In August 2010, the following issuers distributed their own bond issues in a “forward transaction” mode: Belinvestbank (issue No.34 (ETB); Technobank (issues No.1, No.2, No.3); Belarusian People’s Insurance Pension Fund (issue No.1). These operations resulted in 10 transactions in bonds amounting to BYR 84.00 billion, or 936 766 bonds. The weighted average yield was 11.09 % per year. (In August 2009, there were 25 primary distributions of corporate bonds amounting to BYR 72.66 billion, or 253 906 bonds.)

As of 01.09.2010, 24 banks and 35 non-bank securities market professional participants were admitted to the participation in the bonds distribution purchase.

The secondary corporate bond market (LLB exclusive)

As of 31.08.2010, 128 bond issues of 42 issuers were admitted to the exchange circulation, including 65 bond issues of 10 banks which were admitted to the First Level Quotation List A and 63 bond issues of 32 Issuers were admitted to the out-of-list circulation.

In August 2010, there were 101 corporate bond transactions[3] in the exchange trade system amounting to BYR 141.62 billion or 1 092 882 bonds, including 108 transactions settled in Belarusian rubles amounting to BYR 119.97 billion, 3 transactions settled in US dollars amounting to USD 100.64 million, or 36 bonds. (There were 37 bond transactions amounting to BYR 140.66 billion, or 258 409 bonds in August 2009).

In August 2010, S-T+0 and S-T+n transactions weighted average yield reached 11.48 % per year. The weighted average rate of S-REPO bonds transactions was 12.28 % per year. 

As of 01.09.2010, 24 banks and 35 non-bank securities market professional participants were admitted to trades.

MTBank became the leader by the operation volume and number of transactions in the secondary corporate bond market in August 2010.

The secondary LLB market

As of 31.08.2010, 107 bond issues of 52 Issuers were admitted to the out-of-list circulation. In August 2010, there were 4 transactions amounting to BYR 152.95 billion, or 89 804 bonds of executive-administrative authorities. The weighted average yield of the S-T+0 and S-T+n transactions was 0 % per year. The weighted average rate of S-REPO bonds transactions was 9.92 % per year.

The secondary equity market

As of 31.08.2010, 1 842 issues of 1 777 issuers were admitted to the exchange circulation, including 2 issues of one issuer which were admitted to the First Level Quotation List A, 22 issues of 21 issuers were admitted to the Second Level Quotation List A, 49 issues of 49 issuers were admitted to the Quotation List B and 1 767 issues of 1 706 issuers were admitted to the out-of-list circulation.

In August 2010, there were 330 equity transactions[4] in the exchange trade system amounting to BYR 8.84 billion, or 1 258 314 equities, including 309 transactions settled in Belarusian rubles amounting to BYR 8.71 billion; 2 transactions settled in US dollars amounting to USD 44.21 million, or 70 552 equities. (In August 2009, there were 364 equity transactions amounting to BYR 14.25 billion, or 1 036 316 equities).

As of 01.09.2010, 24 banks and 35 non-bank securities market professional participants were admitted to the equities secondary trades.  Priorbank became the leader in terms of total amount and BPS-bank became the leader by number of transactions in the secondary equity market in August 2010.

Summary totals

As of 01.09.2010, the number of admitted to the exchange circulation issuers totaled 2 128 securities issues. 

In August 2010, there were 1 017 purchase and sale securities transactions amounting to BYR 1 577.47 billion, or 13 577 059 securities. (In August 2009, there were 2 029 purchase and sale securities transactions amounting to BYR 3 939.87 billion, or 36 520 692 securities). 

Summary totals of the exchange trades in securities in August 2010

Transaction Structure

Number of transactions

VOLUME of transactions

Securities (items)

BYR

Government securities

572

10 199 293

1 190 021 341 775

Non-government securities 

445

3 377 766

387 415 148 514

including:

 

 

 

equities

330

1 258 314

8 842 968 082

Corporate bonds

111

2 029 648

225 617 680 816

LLB bonds

4

89 804

152 954 499 616

TOTAL:

1 017

13 577 059

1 577 436 490 289



[1] DGLTB –  Discount Government Long-Term Bonds of the Ministry of Finance

[2] IGSTB – Interest Government Short-Term Bonds of the Ministry of Finance

[3] Including bonds purchase and sale transactions in foreign currency. The ruble equivalent for such transactions volume is calculated based on the Belarusian ruble official rate on the day of the transaction

[4] Including equities purchase and sale transactions in foreign currency. The ruble equivalent for such transactions volume is calculated based on the Belarusian ruble official rate on the day of the transaction