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