Belarus floats $1.4bn worth of eurobonds - reports

Belarus has floated $1.4 billion worth of eurobonds in a dual tranche with final pricing set at 7.125% for the long five year ($800-million issue of bonds due in February 2023) and at 7.625% for the ten year ($600-million issue of bonds due in June 2027), reported Reuters. This information was kater confirmed by the press office of Belarusian Finance Ministry.

Investor demand reportedly exceeded $3.1 billion. Citi and Raiffeisen Bank acted as bookrunners. 

The government of Belarus announced earlier it planned to issue up to $1 billion worth of eurobonds this year. TUT.BY reminds that our country has returned to the bond market after a long break (since January 2011).