By Rebecca Melvin
New York, Feb. 22 – The Republic of Belarus priced $600 million of 12-year notes at par to yield 6.2% on Wednesday, according to a market source on Thursday.
Pricing was tightened from initial talk at 6½%, and the deal ended up at the long end of the 10- to 12-year maturity that was contemplated.
Citigroup and Raiffeisen Bank were bookrunners of the Rule 144A and Regulation S deal.
In late January Fitch Ratings upgraded Belarus' long-term foreign- and local-currency issuer default ratings to B from B-.
Last summer, the Eastern European country priced a $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.
| Issuer: | Belarus
|
| Issue: | Notes
|
| Amount: | $600 million
|
| Maturity: | Feb. 28, 2030
|
| Bookrunners: | Citigroup and Raiffeisen Bank
|
| Coupon: | 6.2%
|
| Price: | Par
|
| Yield: | 6.2%
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 28
|
| Distribution: | Rule 144A and Regulation S
|
| Initial price talk: | 6½%
|
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