The Central Bank of Russia announced that it has extended the mechanism enabling holders of the Republic of Belarus’s Eurobonds to receive coupon income and redeem their bonds via Russian infrastructure in 2026, and confirmed that these Eurobonds can also be substituted with government securities of the Republic of Belarus. The option to receive payments on Eurobonds issued by JSC Development Bank of the Republic of Belarus (ISIN XS1904731129 and US25161E??91) through Russian infrastructure remains available, including the ability to redeem the bonds if necessary. The measures are designed to allow payments and substitution to be carried out without involving foreign accounting institutions.
Central Bank of Russia 2025-12-30
Central Bank of Russia extends Russian-infrastructure payment and substitution mechanism for Belarusian Eurobonds into 2026
The Central Bank of Russia has extended the mechanism for holders of the Republic of Belarus’s Eurobonds to receive coupon income and redeem bonds via Russian infrastructure in 2026. These Eurobonds can also be substituted with government securities of Belarus. The measures ensure payments and substitutions occur without foreign accounting institutions.