Belarus is Waiting for a "Window" to Place Eurobonds, Sberbank

22.07.2010 11:18
Архив Редакция

Belarus plans to place Eurobonds, but is waiting for favourable environment. It was reported on July 21 by the director of the department of treasury operations and financial markets of Sberbank, Andrei Golikov.

«For Belarus, it is important at what price to attract money. But I hope that the deal to be made», top manager of Russian Sberank — one of the organizers of the issue — said. At present, there are discussions with investors, AFN informs.

The largest Russia’s bank is also working with Minsk on the project of ruble bonds placement at MICEX, which is planned to implement in late summer — early autumn, according to Andrei Golikov. «Let’s see the market condition. It is (benchmark for Belarus) 5-10 billion rubles», he added.

Sberbank also has applications from companies from Kazakhstan and Ukraine on ruble bonds placement in Russia. Potential issuers are companies of metallurgical and energy sectors, Andrei Golikov said.

As Telegraf previously reported, it is assumed that by the end of this year, Belarus will issue Eurobonds cost one billion dollars, and in 2011 — one billion dollars more. The organizers of Belarus’ Eurobonds issue are BNP Paribas, Deutsche Bank, Royal Bank of Scotland and Sberbank of Russia.