Belarus raises $1.4 billion via dual-tranche Eurobond

The Belarusian government has raised $1.4 billion by selling a dual-tranche Eurobond, the finance ministry's press office told BelaPAN.

Минфин подтвердил размещение евробондов на 1,4 млрд. долларов

An $800-million issue of bonds due in February 2023 has been placed at a yield of 7.125 percent and a $600-million issue of notes due in June 2027 offers a yield of 7.625 percent, according to media reports. Investor demand for the bonds had reportedly totaled $3.1 billion.

The government held a road show for the Eurobonds earlier this week, with investment banking company Citigroup and Raiffeisen Bank International organizing meetings with potential investors.

Such meetings took place this week in London, Zurich, Frankfurt, Los Angeles, New York and Boston.

Speaking in December 2016, Prime Minister Andrey Kabyakow said that Minsk would try to sell an $800-million Eurobond in 2017 if there were favorable conditions.

In 2010 and 2011, Belarus raised a total of $1.8 billion million via Eurobond sales.




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