In July 2010, Belarus placed a debut issue of eurobonds for $600 million with 8.75% APR coupon rate and maturity on 3 August 2015. In addition to the debut issue, in August the Finance Ministry issued eurobonds for another $400 million. Yield on these bonds was 8.251%, which allowed Belarus to lower the average yield on the five-year bonds totaling $1 billion down to 8.7%.
Leading organizers of Belarus’ Eurobonds issue were BNP Paribas, Deutsche Bank, The Royal Bank of Scotland and Sberbank of Russia. Belarusbank acted as co-organizer of the issue. White & Case and Allen & Overy acted as legal advisors of the issue from Belarusian side and banks-organizers, respectively.
Earlier, on 26 July 2012, Belarus paid off $35.8 million in interest to seven-year eurobond holders. Belarus issued the seven-year eurobonds worth $800 million in January 2011. The interest rate on the bonds is paid semi-annually on 26 January and 26 July each year at the rate of 8.95% APR. The bonds mature on 26 January 2018.
