OREANDA-NEWS. August 18, 2010. As of 01.07.2010, 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 June 2010, there were 879 government securities transactions amounting to BYR 1 189.13 billion or 10 013 162 bonds (there were 1 086 transactions amounting to BYR 4 516.61 billion, or 44 209 574 bonds in June 2009).

In June 2010, the “before redemption” transactions weighted average yield regarding DGLTB was 13.40 % per year, regarding IGLTB was 8.99% per year. An average REPO rate, regardless REPO period, regarding DGLTB was 8.18% per year, regarding IGLTB was 9.52% per year.

In Q2 2010, there were 3 053 government securities transactions amounting to BYR 4 922.99 billion, or 46 068 510 bonds (there were 4 218 transactions amounting to BYR 12 292.21 billion, or 123 479 233 bonds in Q2 2009).

In Q2 2010, the “before redemption” transactions weighted average yield regarding DGLTB was 14.32 % per year, regarding IGLTB was 13.29% per year. An average REPO rate, regardless REPO period, regarding DGLTB was 9.59% per year, regarding IGLTB was 10.80% per year.

As of 01.07.2010, 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 – the leader by number of transactions in the secondary government securities market in June and Q2 2010.

The secondary short-term bonds of the National Bank market

As of 01.07.2010, 2 STB issues were admitted to the exchange circulation.

There was no transaction in STB concluded in the BCSE trade system in June 2010.

There was 1 transaction in STB amounting to BYR 3.99 billion, or 40 000 bonds, concluded in the BCSE trade system in Q2 2010. (There were no transactions in STB concluded in the BCSE trade system neither in June nor in Q2 2009).

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

As of 01.07.2010, 13 bond issues (including 2 exchange-traded bonds of Belarusbank and ASB Leasing) of 6 issuers (Belarusbank, Belagroprombank, BPS-Bank, Belarusian Industrial Bank, Credexbank, ASB Leasing) were admitted to the exchange distribution. (There was no bond distribution at the BCSE in a “simple auction” mode in June and Q2 2010).

In June 2010, the following issuers distributed their own bond issues in a “forward transaction” mode: Belarusbank (issue No.93 (ETB); Paritetbank (issue No.6 (ETB)); ASB Leasing (issue No.7 (ETB).

These operations resulted in 10 transactions in bonds amounting to BYR 128.61 billion, or 128 500 bonds. The weighted average yield was 12.65 % per year. (In June 2009, there were 21 primary distributions of corporate bonds amounting to BYR 166.37 billion, or 159 352 bonds)

In Q2 2010, MTBank distributed its own bond issue No.6 in a “simple auction” mode. The following Issuers distributed their own bond issues in a “forward transaction” mode: Alfa-Bank (issue No.4); Bank VTB (Belarus) (issues No.4-5); Belagroprombank (issues No.57 (ETB), No.61 (ETB), No.93 (ETB); Belarusian Industrial Bank (issues No.6,7); Paritetbank (issues No.5, No.6 (ETB)); Credexbank (issue No.4); ASB Leasing (issue No.7 (ETB)). These operations resulted in 20 transactions in bonds amounting to BYR 225.52 billion, or 309 275 bonds in Q2 2010. The weighted average yield was 14.22 % per year. (In Q2 2009, there were 40 primary distributions of corporate bonds amounting to BYR 214.55 billion, or 205 221 bonds).

As of 01.07.2010, 24 banks and 36 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 01.07.2010, 104 bond issues of 29 issuers were admitted to the exchange circulation, including 58 bond issues of 10 banks which were admitted to the First Level Quotation List A and 46 bond issues of 19 Issuers were admitted to the out-of-list circulation.

In June 2010, there were 108 corporate bond transactions in the exchange trade system amounting to BYR 239.41 billion or 369 841 bonds, including 105 transactions settled in Belarusian rubles amounting to BYR 232.75 billion, 2 transactions settled in US dollars amounting to USD 1.132 million, or 155 bonds, 1 transaction settled in euros amounting to EUR 0.887 million, or 170 bonds. (There were 58 bonds transactions amounting to BYR 606.76 billion, or 620 134 bonds in June 2009).

In June 2010, S-T+0 and S-T+n transactions weighted average yield reached 12.66 % per year. The weighted average rate of S-REPO bonds transactions was 10.39 % per year.  In June, MTBank became the leader in the secondary corporate bond market in terms of both total amount and number of transactions.

In Q2 2010, there were 316 corporate bond transactions in the exchange trade system amounting to BYR 1 502.44 billion, or 1 975 626 bonds, including 298 transactions settled in Belarusian rubles amounting to BYR 1 365.68 billion, 11 transactions settled in US dollars amounting to USD 14.982 million, or 2 614 bonds, 7 transactions settled in euros amounting to EUR 23.177 million, or 13 605 bonds. (There were 141 bonds transactions amounting to BYR 845.69 billion, or 895 397 bonds in Q2 2009).

In Q2 2010, S-T+0 and S-T+n transactions weighted average yield reached 13.79 % per year. The weighted average rate of S-REPO bonds transactions was 10.83 % per year.

In Q2 2010, Belgazprombank became the leader in terms of total amount and MTBank became the leader by number of transactions in the secondary corporate bond market.

As of 01.07.2010, 24 banks and 36 non-bank securities market professional participants were admitted to trades.

The secondary LLB market

As of 01.07.2010, 102 bond issues of 52 Issuers were admitted to the out-of-list circulation. In June 2010, there were 13 transactions amounting to BYR 211.5 billion, or 191 500 bonds of executive-administrative authorities bonds. The weighted average yield of the S-T+0 and S-T+n transactions was 10.5 % per year. There were no LLB transactions in June 2009.

In Q2 2010, there were 37 transactions amounting to BYR 749.83 billion, or 565 236 bonds of executive-administrative authorities bonds. The average weighted yield of the S-T+0 and S-T+n transactions was 3.38 % per year. The weighted average rate of S-REPO bonds transactions was 11.90 % per year. (There was no LLB transaction in Q2, 2009).

The National Bank became the leader in terms of both total amount and number of transactions in the LLB secondary market in June and Q2 2010.

The secondary equity market

As of 01.07.2010, 1 894 issues of 1 828 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, 50 issues of 50 issuers were admitted to the Quotation List B and 1 820 issues of 1 756 issuers were admitted to the out-of-list circulation.

In June 2010, there were 1 012 equity transactions in the exchange trade system amounting to BYR 24.68 billion, or 4 101 162 equities, including 1 003 transactions settled in Belarusian rubles amounting to BYR 7.91 billion; 6 transactions settled in US dollars amounting to USD 3.23 million, or 110 789 equities; and 3 transactions settled in Russian rubles amounting to RUB 72.23 million, or 126 481 equities. (In June 2009, there were 360 equity transactions amounting to BYR 5.73 billion, or 1 344 297 equities). Bank VTB (Belarus) became the leader in terms of total amount and BPS-Bank became the leader by number of transactions in the secondary equity market in June 2010.

In Q2 2010, there were 4 005 equity transactions in the exchange trade system amounting to BYR 44.19 billion, or 18 384 987 equities, including 3 982 transactions settled in Belarusian rubles amounting to BYR 24.59 billion; 13 transactions settled in US dollars amounting to USD 3.34 million; one transaction settled in euros amounting to EUR 0.274 million; and 9 transactions settled in Russian rubles amounting to RUB 86.376 million. (In Q2 2009, there were 1 248 equity transactions amounting to BYR 13.15 billion, or 23 315 241 equities). Bank VTB (Belarus) became the leader in terms of total amount and Belvnesheconombank became the leader by number of transactions in the secondary equity market in Q2 2010.

As of 01.07.2010, 24 banks and 36 non-bank securities market professional participants were admitted to the equities secondary trades.

Summary totals

As of 01.07.2010, the number of admitted to the exchange circulation issuers totaled 2 150 securities issues. 

In June 2010, there were 2 022 purchase and sale securities transactions amounting to BYR 1 793.32 billion, or 14 804 165 securities. (In June 2009, there were 1 515 purchase and sale securities transactions amounting to BYR 5 295.47 billion, or 46 333 357 securities). 

In Q2 2010, there were 7 432 purchase and sale securities transactions amounting to BYR 7 448.96 billion, or 67 343 634 securities. (In Q2 2009, there were 5 647 purchase and sale securities transactions amounting to BYR 13 365.60 billion, or 147 895 092 securities). 

Summary totals of the exchange trades in securities in June 2010

Transaction Structure

Number of transactions

VOLUME of transactions

Securities (items)

BYR

Government securities

879

10 013 162

1 189 129 015 333

Non-government securities 

1 143

4 791 003

604 194 185 196

including:

 

 

 

equities

1 012

4 101 162

24 681 379 328

Corporate bonds

118

498 341

368 013 270 635

LLB bonds

13

191 500

211 499 535 232

TOTAL:

2 022

14 804 165

1 793 323 200 529

Summary totals of the exchange trades in securities in Q2 2010.

Transaction Structure

Number of transactions

VOLUME of transactions

Securities (items)

BYR

Government securities

3 054

46 108 510

4 926 980 345 131

Non-government securities 

4 378

21 235 124

2 521 983 285 314

including:

 

 

 

equities

4 005

18 384 987

44 192 358 083

Corporate bonds

336

2 284 901

1 727 959 474 554

LLB bonds

37

565 236

749 831 452 677

TOTAL:

7 432

67 343 634

7 448 963 630 445