Belarus mulling placement of two Eurobonds tranches in US$ – source
<p> MINSK, Jun 16 - PrimePress. Belarus is plans to float two tranches of dollar-denominated Eurobonds, Russian RIA Novosti says, citing a source in the banking system. </p> <p> </p> <p> Depending on the market behavior, Belarus is going to place two tranches of Eurobonds that will mature in February 2026 and February 2031. The amounts have not been specified. </p> <p> </p> <p> The issue will be organized by Citi, Raiffeisen Bank International, Societe Generale and Russian Renaissance Capital. </p> <p> </p> <p> As reported, the Ministry of Finance of Belarus planned to raise $1.35 billion in foreign markets in 2020 by placing Eurobonds denominated in US dollars and euros. Meetings with potential investors were held in March 2020 as part of a road show. However, the issues were postponed indefinitely due to the market volatility caused by the coronavirus pandemic. </p> <p> </p> <p> Deputy Finance Minister of Belarus Andrei Belkovets said on May 19 that Belarus did not abandon the plan to place Eurobonds in 2020, awaiting a window of opportunities for that. </p> <p> </p> <p> In early May, the Ministry of Finance of Belarus placed bonds on the Russian market worth 10 billion Russian rubles ($142.045 million at the rate of the Central Bank of the Russian Federation) for five years at 8.5% per annum. End </p>
2020-06-17
Primepress
Belarus mulling placement of two Eurobonds tranches in US$ – source
MINSK, Jun 16 - PrimePress. Belarus is plans to float two tranches of dollar-denominated Eurobonds, Russian RIA Novosti says, citing a source in the banking system.
Depending on the market behavior, Belarus is going to place two tranches of Eurobonds that will mature in February 2026 and February 2031. The amounts have not been specified.
The issue will be organized by Citi, Raiffeisen Bank International, Societe Generale and Russian Renaissance Capital.
As reported, the Ministry of Finance of Belarus planned to raise $1.35 billion in foreign markets in 2020 by placing Eurobonds denominated in US dollars and euros. Meetings with potential investors were held in March 2020 as part of a road show. However, the issues were postponed indefinitely due to the market volatility caused by the coronavirus pandemic.
Deputy Finance Minister of Belarus Andrei Belkovets said on May 19 that Belarus did not abandon the plan to place Eurobonds in 2020, awaiting a window of opportunities for that.
In early May, the Ministry of Finance of Belarus placed bonds on the Russian market worth 10 billion Russian rubles ($142.045 million at the rate of the Central Bank of the Russian Federation) for five years at 8.5% per annum. End