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27 February 2020, 14:44

Belarus to begin road show of eurobonds on 2 March

MINSK, 27 February (BelTA) – Belarus will begin a road show of eurobonds on 2 March, the press service of the Belarusian Finance Ministry told BelTA.

The source said: “Belarus has stated it will begin meeting with potential investors in a number of cities in the USA, Frankfurt am Main, and London as part of the deal to float new issues of eurobonds of the Republic of Belarus”.

Previously BelTA quoted Belarusian Finance Minister Maksim Yermolovich as saying that the Finance Ministry will be technically ready to float eurobonds in Q1 2020. As for the volume of floatation, the Finance Ministry is guided by the figure specified by the state budget: government bonds to the tune of $1.350 billion are to be floated on foreign markets excluding planned borrowings on the Russian market. “We aim for $1-1.2 billion but everything will depend on the state of the market and the interest rates, on alternatives available for raising resources. We will make our decision on the volume depending on those factors,” Maksim Yermolovich explained.

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