Business news

MINSK, 13 February (BelTA) - Belarus plans to start a roadshow for eurobonds in the United States and Europe on 15 February, BelTA learned from the press service of Belarus’ Finance Ministry.

According to the ministry, the event will include presentation campaigns and investor meetings. Citi and Raiffeisen Bank International AG have been selected as managers, with the Development Bank of the Republic of Belarus to be co-managers.

The maturity date for new eurobond issues nominated in U.S. dollars will make up 10-12 years.

The terms of the eurobond placement and the volume of the issue will be announced later, the press service informed.

As it was reported earlier, Belarus plans to issue eurobonds worth $600 million in the first half of 2018.

In 2017 Belarus floated eurobonds in two tranches with the interest rate of 7.125% and 7.625% respectively.