OREANDA-NEWS. Belarus’ Gomel Castings Plant, affiliated with Gomselmash farming machinery manufacturer, issued USD 40 million worth of bonds, with coupon yield at 9% per annum, the company’s chief economist Viktor Slavashkevich told reporters.

The state-owned Gomel Castings Plant has already floated three bond issues. The latest issue of bonds worth EUR28,000 was announced in November 2012.

Bonds with a face value of EUR1,000 have a three-year maturity period. The bonds will be traded on the over-the-counter market.

The bond offering was facilitated by ASB Broker affiliated with OJSC Belarusbank.

Gomel Castings Plant was established in 1979. The company specializes in producing mowers and fodder harvesters, a wide range of trailers for farming machinery, different types of castings.