By Colin Hanner
Chicago, June 23 – The Republic of Belarus priced $1.4 billion of notes in two tranches, a market source said.
The shorter maturity of the two tranches was $800 million of 6 7/8% six-year notes that priced at 98.864 to yield 7¼%, the source said.
The second part was $600 million of 10-year notes that priced at par to yield 7 5/8%, in line with mid-range 7% price talk.
Citigroup and Raiffeisen Bank International were joint bookrunners for the deal.
| Issuer: | Republic of Belarus
|
| Description: | Notes
|
| Amount: | $1.4 billion
|
| Bookrunners: | Citigroup and Raiffeisen Bank International
|
| Trade date: | June 23
|
|
|
| Notes due 2023
|
| Amount: | $800 million
|
| Maturity: | 2023
|
| Coupon: | 6 7/8%
|
| Price: | 98.864
|
| Yield: | 7¼%
|
|
|
| Notes due 2027
|
| Amount: | $600 million
|
| Maturity: | 2027
|
| Coupon: | 7 5/8%
|
| Price: | Par
|
| Yield: | 7 5/8%
|
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