Belarus still plans to float Eurobonds in 2020 – Ministry of Finance
<p> MINSK, May 19 - PrimePress. Belarus has not abandoned the plan for the placement of Eurobonds in 2020 and is looking for a window of opportunity, Deputy Minister of Finance of Belarus Andrei Belkovets said during an online presentation of Eurotorg LLC on May 19. </p> <p> </p> <p> Prime Minister Sergei Rumas said Belarus could place at least $1 billion in Eurobonds in the first quarter of 2020. Finance Minister Maxim Yermolovich announced the plan to raise $1.35 billion in foreign markets in 2020. </p> <p> </p> <p> “We have not abandoned our idea in terms of issuing Eurobonds,” said Deputy Finance Minister Belkovets, “We held a road show in March, getting into the very beginning of the pandemic and the closure of markets. The situation was too volatile, but we are watching the market, looking for a window.” </p> <p> </p> <p> He took part in an online presentation of Eurotorg, Belarus’ largest food retailer, which plans to place bonds on the Moscow Exchange in the amount of 5 billion Russian rubles. </p> <p> </p> <p> Eurotorg has been operating since 1993. The first store under the Euroopt trademark opened in 1997. The company occupies a 19% share in the retail market of Belarus. As of December 31, 2019, the company operated 870 food stores with a total area of 835,800 sq. m. (334,600 sq. m. in sales area) in 323 populated localities. The company also develops a food delivery service (over 3.6 million orders in 2019). End </p>
2020-05-20
Primepress
Belarus still plans to float Eurobonds in 2020 – Ministry of Finance
MINSK, May 19 - PrimePress. Belarus has not abandoned the plan for the placement of Eurobonds in 2020 and is looking for a window of opportunity, Deputy Minister of Finance of Belarus Andrei Belkovets said during an online presentation of Eurotorg LLC on May 19.
Prime Minister Sergei Rumas said Belarus could place at least $1 billion in Eurobonds in the first quarter of 2020. Finance Minister Maxim Yermolovich announced the plan to raise $1.35 billion in foreign markets in 2020.
“We have not abandoned our idea in terms of issuing Eurobonds,” said Deputy Finance Minister Belkovets, “We held a road show in March, getting into the very beginning of the pandemic and the closure of markets. The situation was too volatile, but we are watching the market, looking for a window.”
He took part in an online presentation of Eurotorg, Belarus’ largest food retailer, which plans to place bonds on the Moscow Exchange in the amount of 5 billion Russian rubles.
Eurotorg has been operating since 1993. The first store under the Euroopt trademark opened in 1997. The company occupies a 19% share in the retail market of Belarus. As of December 31, 2019, the company operated 870 food stores with a total area of 835,800 sq. m. (334,600 sq. m. in sales area) in 323 populated localities. The company also develops a food delivery service (over 3.6 million orders in 2019). End