Baltic States – CIS, Banks, Belarus, Financial Services, Latvia

The coupon yield payment takes place quarterly. The issuer also undertakes to buy the bonds at par from the holders, at their choice, once a year, having retained the accrued revenue (the annual offer).

“Rietumu Leasing has been successfully operating on the market of lease services in Belarus for over 15 years, practically from the time of its formation. Our company focuses on several directions, being a leader on the national market in some of them, for example, in the field of lease of freight vehicles and passenger cars for private individuals. The funds attracted in the course of issuing the bonds will primarily be used for the further expansion of our services in these niches,” said Director of Rietumu Leasing Andrey Orlov.

The active rate of the Rietumu Leasing bonds corresponds to the current rate of return of the securities issued by the state and largest private issuers of Belarus.

Specialists note that the rate of return of the issued bonds exceeds the rates for dollar deposits in the banks of Belarus (currently, from 0.8% to 3% p.a.), as well as their advantages such as the relatively short circulation period and the annual offer.

According to the laws of the Republic of Belarus, incomes from investment into bonds are not taxable, which contributes to the popularity of these financial instruments. Now, the market is experiencing a considerable upturn - its total volume is estimated at USD 1.2 b n.

In order to acquire the Rietumu Leasing bonds, a natural or legal person must have a securities account at any bank of Belarus and submit an application in this bank for buying the bonds. Having received the order, the bank will acquire the bonds and credit them on the respective securities account.

According to the data of the Belarusian Union of Lessors, starting from 2004, Rietumu Leasing has been stably among the Top 5 market lease companies of the country. Since 2012, this company has a 10% share in supplies of new semi-trailer trucks. The share of Rietumu Leasing on the car lease market for private individuals was 23% in 2017. The total volume of the company’s lease portfolio as of the issue day is USD 42.2 mln.

Legal and consulting supporter of the issue of Rietumu Leasing bonds was the professional participant of the securities market of the Republic of Belarus JSC Aygenis.