BELARUS NEWS AND ANALYSIS

DATE:

03/11/2010

Belarus May Sell $489M In Bonds

Belarus is planning to sell nearly $489 million of securities in November 2010, Bloomberg reports. The former Soviet state is selling bonds denominated in rubles it seeks to borrow at cheaper rates than in U.S. dollars.

Belarus will save 2.5 percentage points in annual interest compared with debt in dollars through the borrowing in rubles. Belarus is also planning to sell nearly $1 billion of Eurobonds in through 2011.

Source:

http://www.emii.com/Articles/2709725/Emerging-Markets/Top-Stories/Belarus-May-Sell-489M-In-Bonds.aspx