Business news

MINSK, 19 June (BelTA) – Belarus launched a roadshow for eurobonds in the United States and Europe on 19 June, BelTA learned from the Belarusian Finance Ministry.

The country is holding a roadshow for eurobonds denominated in the US dollars in the United States and Europe starting 19 June. Depending on the market conditions, Belarus plans a dual tranche for five and ten years. Citi, Raiffeisen Bank International AG and the Development Bank of the Republic of Belarus have been selected as co-managers.

The event will include presentation campaigns and investor meetings.

The maturity date for new eurobond issues and the emission volume have not been made public.

As BelTA reported earlier, Belarus plans to redeem $800m worth of eurobonds in early 2018 and continues its work on a new eurobond issue. In 2011 Belarus floated $800 million worth of eurobonds with the interest rate of 8.95% and the redemption date of 26 January 2018.