Lukashenko gives green light to $2 bln Belarusian Eurobond

Belarusian President Alexander Lukashenko has approved a government plan to issue Eurobonds worth $2 billion.

"The council of ministers is authorized to implement in 2010-2011 bond issues amounting to $2 billion with maturity of at least five years," stated the decree posted on the national legal Internet portal on Saturday.

The organizers of the Belarusian Eurobond placements will be Sberbank, Deutsche Bank, RBS and BNP Paribas.

Russia last month issued Eurobonds worth $5.5 billion as it returned to international capital markets for the first time since the 1998 financial crisis.

Belarus received billions of dollars from the IMF, World Bank and Russia over the past year as it struggled to deal with the effects of the global financial crisis, but Lukashenko said last month that the country was emerging from recession.

"The country has exited the recession - this is the evaluation of the World Bank and the IMF," he said, predicting that the Belarusian economy would grow by 11% this year.

MINSK, May 15 (RIA Novosti)


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