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.
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.