Eurobond Debut Issue by the Republic of Belarus

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On August 3, 2010 Republic of Belarus placed first ever Eurobond issue, listed on Luxembourg Stock Exchange, raising US$600 million, and later in August - an additional US$400 million, taking the total of the raised funds to US$1 billion. It is a fixed rate bond with an interest of 8.75%, paid semi annually and maturing in 2015. The issue was rated “B+” by S&P and “B1” by Moody’s. It was the first international bond issue by Belarus and the first ever international securities offering by any Belarusian issuer. Belarus is expected to place additional US$1 billion Eurobond before the end of 2011.

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