Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Belarus Bonds Pare Drop After Cartel End Lifts Yield

(Corrects year that BPC was founded in third paragraph of story published yesterday.)

July 31 (Bloomberg) -- Yields on Belarus’s dollar bonds pared their biggest jump in six weeks after Russia’s OAO Uralkali pulled out of a cartel with a state-owned local miner, spurring concern budget revenue will fall.

The yield on Belarus’s 2018 Eurobond was steady at 9.09 percent after surging 83 basis points yesterday, the most since June 20, data compiled by Bloomberg show. The yield on the country’s dollar notes due 2015 fell seven basis points, or 0.07 percentage point, to 8.96 percent as of 11:28 a.m. in Minsk, after surging to the highest since June 8 yesterday.

Uralkali said yesterday it will no longer sell the fertilizer through Belarusian Potash Co., the Minsk-based marketing company it established in 2005 with rival miner Belaruskali. Until yesterday, BPC controlled about 40 percent of global potash exports. Belarus, which has no significant natural resources other than potash, earned $2.7 billion from selling the crop nutrient abroad last year, or 5.6 percent of total export revenue.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at

To contact the editor responsible for this story: Wojciech Moskwa at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.