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5 Mar 2020

Belarus to float eurobonds during 2020 depending on market situation

Belarus to float eurobonds during 2020 depending on market situation
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MINSK, 5 March (BelTA) – Belarus is going to float eurobonds during 2020 taking into account the situation on the market, the press service of the Belarusian Finance Ministry told BelTA.

The source said: “Roadshows in the USA and London have taken place. The deal will go ahead during 2020 depending on market conditions just like the Finance Ministry stated on 27 February.”

On 27 February Belarus stated meetings with potential investors will begin on 2 March as part of the deal to float new issues of eurobonds.

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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