Belarus to sell $100 million seven-year, €100 million six-year bonds

By Sarah Lizee

Olympia, Wash., March 16 – The Republic of Belarus is auctioning $100 million of bonds due Aug. 19, 2027 and €100 million of bonds due March 19, 2026, according to notices from the ministry of finance of the republic.

The bonds, which have face values of $1,000 and €1,000, respectively, will be placed on March 19 via open sale in the trading system at interest rate auctions.

Interest will be payable semiannually.

The collection period will run from 3:20 a.m. ET to 5 a.m. ET, and the application satisfaction period will run from 7 a.m. ET to 8 a.m. ET.

The minimum and maximum interest rates for the bonds have not yet been established.

As previously reported, the republic selected Citigroup, Raiffeisen Bank International AG and Societe Generale as joint lead managers and joint bookrunners, together with Renaissance Capital as joint lead manager to arrange the meetings in the United States, Frankfurt and London that began on March 2.

The republic’s budget for 2020 allows for placement of up to $600 million of government bonds in the domestic financial market, according to a separate notice.

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