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28 March 2018, 13:12

Belarus considering floating government bonds on Asian market in 2018

An archive photo
An archive photo

MINSK, 28 March (BelTA) – The Belarusian Finance Ministry does not rule out the possibility of floating government bonds on the Asian market in 2018, BelTA learned from Belarusian Deputy Finance Minister Yuri Seliverstov on 28 March.

Asked whether Belarus intends to float bonds in Asia this year, the official noted that deliberations are in progress. “In a way different from the one we used to float eurobonds. But the process goes on. It seems to us that the current market terms are good,” said the Belarusian deputy finance minister. He specified that Belarus is considering floating the bonds in China.

Yuri Seliverstov made it clear that it is too early to talk about when the bonds will be floated, however, up to $500 million worth of bonds may be floated.

BelTA reported earlier that in 2018 Belarus floated $600 million worth of eurobonds with the 6.2% interest rate and the maturity period of 12 years. Some 52% of the eurobonds was bought by investors from the USA, 30% from the UK, 17% from continental Europe, and 1% from Asia. In 2017 Belarus floated eurobonds to the tune of $1.4 billion. The eurobonds were sold in two tranches with the interest rates of 7.125% and 7.625%.

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