Sovereign Credit - Belarus Preparing to Issue New Eurobond
Today, Belarus starts marketing a new Eurobond. A dollar-denominated, benchmark-sized offering with a maturity of 10-12 years is expected. We think $0.6 bln of paper is likely to be offered. Even though market turbulence remains high, we expect to see a successful placement shortly after the road show is completed. The issuer is likely to offer a premium on the primary market, which may lead to pressure on prices of the outstanding paper. Subject to pricing, we encourage investors to consider participating.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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