Belarus to hold Eurobond road show in Singapore, Hong Kong - source
MINSK. Nov 23 (Interfax) - Belarus is holding a non-deal road show for its Eurobonds in Singapore and Hong Kong, a source in the financial market told Interfax.
"The Belarusian Finance Ministry has decided to present its Eurobonds in Singapore and Hong Kong," the source said, commenting on a resolution from the Belarusian Prime Minister Mikhail Myasnkovich about a delegation for Singapore and Hong Kong, which was published on the National Legal Information Center website.
The Belarusian Finance Ministry has not yet commented on this.
Finance Minister Andrei Kharkovets in September said Belarus could place $500 million - $600 million in Eurobonds in 2013 in Europe or the Asian region. "For now we plan to work in Europe and the Asian region. The optimum amount of borrowing is $500 million - $600 million, this is a standard amount, the practice is not usually to borrow less than that," he said.
The Belarusian Ambassador to China Viktor Burya said in July that Belarus planned to place sovereign bonds on the Chinese stock markets. "We have talked about this [the issue of sovereign bonds] with mainland China and Hong Kong. There are reliable companies that are willing to assist us," Burya said.
Myasnikovich and Kharkovets on November 16 confirmed plans to place $500 million to $600 million in Eurobonds in early 2013. Earlier Kharkovets said a road show would be held in November.
The source also said the Belarusian Finance Ministry "did not plan to go to Europe," for a road show. There are rumors circulating on the market that Minsk may also hold a road show in the United States, he added.
The source said the organizers for the third issue of Belarusian Eurobonds could be Sberbank and VTB .
