/ / News
25.01.2013

Belarus pays $35.8m in coupon yield to eurobond holders

MINSK, 25 January (BelTA) – On 25 January Belarus honored its obligations by paying $35.8 million in a regular coupon yield to holders of eurobonds with the maturity period of seven years, representatives of the Belarusian Finance Ministry told BelTA.

In January 2011 the Republic of Belarus floated $800 million worth of eurobonds with the coupon rate of 8.95% per annum to redeem them in 2018. Investors from the USA, the UK, Russia, and other countries bought the eurobonds.

With the coupon rate of 8.95% per annum, coupon yield is paid every six months, in January and July. The eurobonds are supposed to be redeemed in January 2018.

BNP Paribas, Deutsche Bank, the Royal Bank of Scotland, and Sberbank of Russia were the lead managers of Belarus’ eurobond issue. The international law firm White & Case was the legal adviser of the issue for Belarus while the international law firms Allen & Overy and Magisters provided their services to the banks. Before that, in summer 2010 Belarus floated €1 billion worth of eurobonds with the maturity period of five years.