BELARUS NEWS AND ANALYSIS

DATE:

18/02/2011

Belarus (B1/B+/NR) confirms plans to issue bonds once again

Yesterday representative of Belarus' Ministry of Finance has confirmed the country's plan to attract another USD200 mln via Eurobond issue and RUB8 bln (USD270 mln) - via ruble bonds in Russia. The market sentiment has changed over the month that passed since last such announcement was made. Both Eurobond issues Belarus 15 and Belarus 18 saw deterioration of their prices by 4-5% of par, much more than other CIS sovereign issues (Russia 30, for instance, decreased by just 1.3% of par). This is most likely connected with negative political image of Belarus among investors.

Source:

http://www.cbonds.info/em/eng/news/index.phtml/params/id/486487




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