The general demand for Belarus's state ruble-denominated bonds amounted to RUB 9.95bn (approx. USD 321m), the press office of Sberbank, one of the organizers of the bond issue, announced in a statement today. The bids were placed by 29 investors. According to Sberbank, the demand was sufficient for Belarus to float bonds in the full amount. The demand was formed at the interest rate of 8.75 percent per year, or in the middle of the announced range.
The bid book for Belarus's two-year bonds worth a total of RUB 7bn (approx. USD 226m) was closed on Tuesday.
Sberbank, Gazprombank and Alfa-Bank are acting as the organizers for the bond issue.
Yesterday, Belarus's Finance Ministry announced that the bond flotation's launch in Russia scheduled for November 25 had been suspended.