Belarus hopes to raise up to $1bn in West through US dollar bonds

Belarus seeks to have access to up to $1 billion in the West. The government of Belarus has mandated Raiffeisen Bank International and Citigroup to set up investor meetings in the US and Europe commencing on 19 June, reports Reuters quoting the leads. One delegation representing Belarus will visit London, Zurich and Frankfurt. A second team will have meetings with investors in Los Angeles, New York and Boston.

Belarusian portal tut.by reminds that last year Finance Minister Uladzimir Amaryn spoke about plans to secure up to $1 billion through the issue of US dollar long maturities. Last time Belarus issued Eurobonds worth $800 million at 8.95% was in January 2011.