BELARUS NEWS AND ANALYSIS

DATE:

23/12/2010

Belarus scraps Eurobond sale in Asian market

Belarus scraps Eurobond sale in Asian market

Belarus will not price Eurobonds in Asian markets this year due to technical reasons, according to Vice-president Andrei Kobyakov. He noted that this idea cannot be implemented due to purely technical reasons. The sale is impossible because of the coming holidays as a Eurobond deal requires favourable market conditions.

"Any placement requires a good timing when the market is ready at its best, in the issuer's perception. Therefore we cannot print a Eurobond anytime we like to," said Andrei Kobyakov. Belarus planned to target European investors when mulling to issue this $500m 7-year Eurobond in December 2010.

Source:

http://www.cbonds.info/em/eng/news/index.phtml/params/id/479082




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