Belarus plans to issue eurobonds ahead of another billion dollars

The Belarusian authorities have begun preparations for a second Eurobond issue. He may be placed at the end of this year or in early 2011.

According to the Council of Ministers Decree number 1542 of October 22, 2010 amount of Eurobonds with a maturity of not less than 5 years will be $ 1 billion, according to

Company White And Case LLP (U.S.) acted as legal advisor under English law; London Branch, Deutsche Bank AG — the paying agent and the listing agent; Sterling Financial Print Ltd. — Press Agency.

The organizers of the second issue of Eurobonds will perform the same banks that participated in the placement of the debut issue of Eurobonds: BNP Paribas London Branch and Deutsche Bank AG, Royal Bank of Scotland PLC, "Sberbank of Russia".

The debut issue of Belarusian Eurobonds was conducted in two tranches in August this year. As a result of his Belarus attracted $ 1 billion.

It should be noted that the Belarusian authorities initially planned to enter the international market with the second issue of Eurobonds until mid- 2011a. However, problems with the receipt of foreign currency earnings to the country made significantly speed up these plans.



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