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October 19 – October 25, 2015

Belarus may enter Eurobond market in 2016

The situation has not changed
Belarus may enter Eurobond market in 2016

The Finance Ministry is pondering about placing Eurobonds worth USD 1 billion in 2016. Bond placement is needed to ensure public debt payments in the amount of USD 3.3 billion in 2016. In connection with the partial suspension of sanctions, the cost of Belarusian securities on the trading markets may increase and interest rates on loans may decrease. In addition, Belarus may obtain one or more credits from Russia (EFSR, state banks of Russia) and may issue bonds for individuals and legal entities on the domestic market. If Belarus-IMF talks succeed, Belarus may count on increased funding from western financial institutions and further reduction of the public debt servicing costs.

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