Belarus measuring market, seeks to sell 10- to 12-year dollar bonds

By Paul A. Harris

Portland, Ore., Feb. 14 – The Republic of Belarus is measuring the global bond market for the possible issuance of dollar-denominated paper that would come with a maturity of 10 to 12 years, a trader said.

Citigroup and Raiffeisen Bank are in the lead of the potential deal that would come in a Rule 144A and Regulation S execution.

In late January Fitch Ratings upgraded Belarus' long-term foreign- and local-currency issuer default ratings to B from B-.

Belarus last showed up in the dollar-denominated sovereign bond market in early summer 2017 with $1.4 billion two-part deal that included $800 million of 6 7/8% six-year notes and $600 million of 7 5/8% 10-year notes.

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