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23 June 2017, 11:26

Belarus floats $1.4bn worth of eurobonds

MINSK, 23 June (BelTA) – Belarus has floated $1.4 billion worth of Eurobonds, BelTA learned from spokesperson for the Finance Ministry of Belarus Irina Komar.

Eurobonds were floated in a dual tranche with the profitability at 7.125% and 7.625%.

Belarus held a roadshow for eurobonds in the United States and Europe in June. Citi, Raiffeisen Bank International AG and the Development Bank of the Republic of Belarus have been selected as co-managers. The event included presentations and investor meetings.

As BelTA reported earlier, Belarus plans to redeem $800m worth of eurobonds in early 2018 and continues its work on a new eurobond issue. In 2011 Belarus floated $800 million worth of eurobonds with the interest rate of 8.95% and the redemption date of 26 January 2018.

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