13 Feb 2018 13:16

Belarus planning Eurobond roadshow in U.S., Europe from Feb 15

MINSK. Feb 13 (Interfax) - Belarus is planning to hold a Eurobond roadshow in the U.S. and Europe from February 15, the country's Finance Ministry told Interfax.

The ministry said that investor interest for 10- and 12-year Eurobonds will be assessed. The issue will be organized by Citigroup and Raiffeisen.

The Finance Ministry had previously said that the issue would total $600 million.

Belarus placed $1.4 billion in sovereign Eurobonds in two tranches in June 2017. It placed $800 million in five-year Eurobonds yielding 7.125% and maturing in February 2023, and $600 million in 7.625% 10-year notes maturing in June 2027. Demand for the bonds was $2.5 billion when the bid book closed and more than 110 international investors made bids.

Fitch Ratings rated the notes "B-".

Belarus placed $1 billion in five-year Eurobonds yielding 8.75% in 2010, maturing in August 2015 and $800 million in seven-year Eurobonds yielding 8.95% in 2011, maturing in January 2018.