Belarus has postponed the placement of Eurobonds because of the "insane" due to the outbreak of coronavirus markets, announced in "Interfax" referring to own sources in the source in the financial circles of the Republic.
"Placement will not. To be more precise, but too late. The markets gone mad because of coronavirus," - said the Agency interlocutor. Eurobonds will be placed as soon as the situation with COVID-19 returned to normal, the source added.
the Ministry of Finance of Belarus, "Interfax" stated that the Eurobond issue will take place during 2020.
"Road show in USA and London took place. The deal will follow within 2020, subject to market conditions", - told the Agency the press-Secretary of the Finance Ministry Irina Komar.
Sources in Bank circles informed that Belarus considers possibility of placing of Eurobonds denominated in USD, maturing in 2035, and Eurobonds, denominated in euros, with maturity in 2026 or 2028, respectively.
the organizers of the new releases are Citi, Raiffeisen Bank International AG, Societe Generale, Renaissance Capital. Eurobonds it is planned to place on the London stock exchange (LSE).
