Belarusian PM confirms plans to place Eurobonds at start of 2013
MINSK. Nov 16 (Interfax) - The Belarusian government plans to place Eurobonds on external financial markets at the start of 2013, Prime Minister Mikhail Myasnikovich said at a press conference in Minsk on Friday.
"We're set up to place a major packet of Eurobonds in the near future. This [the placement] will be at the start of next year but we will start work in December," Myasnikovich said.
He added that the government is awaiting President Alexander Lukashenko's final decision on the Eurobond issue. "The government has looked at this issue and presented the proposal to the president," Myasnikovich said.
He also noted Belarus' interest in expanding the investor base for the bonds issue. "We have partners but would like there to be more of them. We are implementing all of the obligations accepted and will be pleased with new interesting offers," Myasnikovich said.
It was earlier reported that the Belarusian Finance Ministry announced plans to place $500 million-$600 million in Eurobonds at the start of 2013 in additional to the last Eurobond issues worth a combined $1.8 billion, which were placed in mid-2010 and the start of 2011, slated to mature on August 3, 2015 and January 26, 2018, respectively.