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18 Feb 2020

Belarus’ Development Bank considering floating eurobonds worth Br200m in 2020

Belarus’ Development Bank considering floating eurobonds worth Br200m in 2020
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MINSK, 18 February (BelTA) – The Development Bank of the Republic of Belarus (DBRB) may float a new issue of eurobonds nominated in Belarusian rubles to the tune of at least Br200 million in 2020, BelTA learned from DBRB Chairman of the Board Andrei Zhishkevich on 18 February.

The DBRB chairman of the board said: “The entry to the eurobond market was a significant event for us in 2019. We raised $500 million. This year we have no need for an additional floatation of eurobonds nominated in foreign currency. Work with the investor base will remain in focus. We are considering floating eurobonds nominated in the national currency as a circumstantial opportunity. If we go for it, at least Br200 million worth of eurobonds will be floated. We have no specific deadline when it may happen.”

In his words, DBRB representatives already met with several potential investors at the beginning of the year. “We’ve held meetings with investors this year and they inspire cautious optimism. The investors tell us about their appetite for the national currency,” Andrei Zhishkevich stressed.

The Development Bank of the Republic of Belarus (DBRB) is a specialized financial institution founded by the Council of Ministers and the National Bank of the Republic of Belarus in 2011. The bank focuses on developing the system of financing of state programs and on implementing socially important investment projects.

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