Sunday, October 6, 2013

However, we recall that the Belarusian authorities initially planned to enter the international mar


Thus the authorities want to draw on world markets $ 2 billion this year, although godin it was initially planned that this level of debt on government bonds will rise only to the middle of next year.
In the near future the Ministry of Finance plans to sell government bonds of Belarus in Russia. However, by the end of the year it may not be the last country's access to debt capital markets. TUT. BY writes that in these days of meetings godin with investors in Asia to the subject godin of interest to the Belarusian Eurobonds.
And yet today, November 9, the Federal Service for Financial Markets of Russia registered the prospectus and allowed the government bonds of the Republic of Belarus of the 1st and 2nd series godin for public offering and public circulation in the Russian Federation, said in a press release service. godin
Federal Financial Markets Service notes that for the first time in the history of the Russian financial market foreign godin issuer that is not an international financial institution has received permission for public offering and public circulation of securities issued in the Russian godin Federation. Placement and management of state-owned shares of Belarus will be implemented on the Moscow Interbank Currency Exchange.
According to Itar-Tass Vice President - Head of Treasury and Financial Markets Sberbank of Russia Andrey Golikov, "in the coming days, we together with the issuer - the Ministry of Finance of the Republic of Belarus and the other organizers plan to open the book for the purchase of securities, and on November 15 the issuer together with the organizers planning a presentation to Russian investors. "
Date of placement of bonds will be determined and announced by the Issuer not later than 5 days prior to the close date of posting. The bonds will be 2 years. Recall godin that Belarus in 2010-2011. plans to sell bonds worth up to 15 billion Russian rubles (although initially, most likely, it would be a 07/08 billion).
Recall that in July of this year, Belarus made a debut Eurobond issue in the amount of $ 600 million with a coupon rate of 8.75% and maturing in 2015. In August there was the additional placement of Eurobonds in the amount of $ 400 million in addition to the debut issue. Yield to maturity additionally placed shares was 8,251%, which allowed Belarus to reduce the weighted average yield to maturity of a 5-year loan totaling $ 1 billion to 8.7%.
According godin to the Council of Ministers Decree number 1542 of 22 October 2010, the government instructed the Ministry of Finance of Belarus to release in the IV quarter of 2010 - 2011 sells for up to $ 1 billion with a maturity of at least five years and placing them outside the territory of Belarus.
However, we recall that the Belarusian authorities initially planned to enter the international market with the second issue of Eurobonds in the middle of 2011. But, probably, in recent years the situation has changed, but the problems with the receipt of foreign currency earnings to the country only worsened. Not brought in, apparently, the fruit and the visit of the delegation of Belarus to China on allocation of state credit. However, some managed to reach agreements.
, Bloomberg reports that on November 9 begins a series of meetings, the organizers of the Belarusian Eurobond placement godin (BNP Paribas, Deutsche Bank, The Royal Bank of Scotland and the Savings Bank of the Russian Federation) with investors in Asia. The main purpose of the meeting, godin according to the agency, is "to familiarize with the offer of the Belarusian side to fixed-income investments and the development godin of new ties between Belarus and the Asian investment community."
The interest of Belarus to the Asian market in late July, said the chairman godin of the National Bank Piotr Prokopovich. At the same time as the timing for the possible placement of the country's chief banker named range "in late 2010 - early 2011."
It should also be noted that yesterday, November 8, the agency Standard & Poor's assigned the planned release of Belarusian Eurobonds long-term godin senior unsecured debt rating "B +" and the rating of the expected level of recovery of a payment default, "4", which means that in case of default of the Belarusian godin authorities to repay no more than 30-50% of the debt.
"The ratings on the Republic of Belarus hold back the weak and deteriorating external liquidity godin against a very high deficit in the current account and the repeated price shocks in connection godin with the import is still subsidized energy from Russia", - the report says.
Placement period, the amount and interest rate, as well as other features of the second Eurobond issue yet to be determined, said S & P. However, the assignment of ratings indicates that the placement will be implemented in the near future. For example, disclosure of ratings for the debut of accommodation was almost on the eve of release.
Belarus News 2013

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