Belarus Raises $600M In Bond Sale

Belarus Raises $600M In Bond Sale

The government of Belarus has sold $600 million worth of five-year bonds, The Wall Street Journal reports. The country issued foreign currency sovereign bonds due August 2015.

The securities priced at 99.011 cents on the dollar and offered investors a yield of 9%. The lead bookrunning managers on the sale were BNP Paribas, Deutsche Bank, Royal Bank of Scotland and Sberbank.

Issuer, issue number: Belarus, 2015

Type of bond: Eurobonds

(State)Bond's type:

Issue status: outstanding

Par, currency of issue: USD, 100000

Amount: 600 000 000

ISIN: XS0529394701

End of placement: Jul 27 2010

Issue price: 99.011

Yield at Pricing: 9%

Coupon: 8.75%

Settlement Date: Aug 03 2010

Maturity date: Aug 03 2015

Issue Managers: BNP Paribas SA, Deutsche Bank AG, Royal Bank of Scotland Group PLC and Sberbank

Outstanding issues:

11 issue(s) outstanding worth BYR 759 962 800 000

1 issue(s) outstanding worth USD 600 000 000

Issuer's rating:

Standard & Poor's B+/Negative Int. Scale (foreign curr.) 04.05.2010

Standard & Poor's BB/Negative Int. Scale (loc. curr.) 04.05.2010

Moody's Investors Service B1/Stable Int. Scale (foreign curr) 22.08.2007

Moody's Investors Service B1/Stable Int. Scale (loc. curr.) 22.08.2007


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