Business news

GOMEL, 8 December (BelTA) – Belarus may float bonds on the Russian market and the Asian one in 2018, BelTA learned from Belarusian Finance Minister Vladimir Amarin on the sidelines of the session of the Council of Ministers of the Union State of Belarus and Russia in Gomel on 8 December.

“The sums will be incomparable with eurobonds because the markets and the terms are different. Up to $500 million in total on the two markets, but we are not involved in these processes so deeply as to know the sums already. Work is in progress,” said Vladimir Amarin.

The finance minister pointed out that Belarus is intent on diversifying borrowing instruments to avoid dependence on the European market of eurobonds.

BelTA reported earlier that this year Belarus has floated eurobonds to the tune of $1.4 billion. The eurobonds were floated in two tranches with the interest rate of 7.125% and 7.625% respectively.