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Belarus Returns To Bond Market With $1.4 Bln Issue

Belarus has released two tranches of eurobonds in the amount of $800 million and $600 million, respectively, Reuters reported on Thursday citing a source in financial circles.

The country marketed benchmark notes due February 2023 at a yield of 7.125 %, and benchmark notes due June 2027 at a yield of  7.625% respectively.

Aggregate demand from investors exceeded 3.1 billion dollars.

Belarus had hired Citi and Raiffeisen Bank International for a roadshow in the US and Europe on 19-21 June.

In 2016, the Minister of Finance Vladimir Amarin had cited plans to attract up to $1 billion from eurobonds.

See also: China Speeds Up $1 Bln Investment Deal With Belarus

Belarus last issued a bond in 2011. It has since tried to return to bond market a number of times but without success, partly because many banks said they would not touch a deal, Reuters writes.

Repayment was made in July 2015, mainly with the help of customs duties receipts and borrowings in the Russian market.


Source: TUT.BY