Belarus targets Eurobond issue of up to $1 bln in 2010

MINSK, May 24 (Reuters) - Belarus outlined its plans for issuance of up to $1 billion in Eurobonds this year with a maturity period of at least five years, a government spokesman told Reuters.

Earlier, Minsk was saying the Eurobonds will total no less than $500 million this year, while it planned to issue a total of up to $2 billion as the financial instrument in 2010-11.

It picked Russia's Sberbank, BNP Paribas, Deutsche Bank and Royal Bank of Scotland to organise the placement of the bonds.

"A decision was made to issue Eurobonds worth up to $1 billion with a maturity period no less than five years," the government representative said.

Belarus has got a $3.6 billion in loans from the International Monetary Fund since the beginning of last year.

Earlier this month, Belarusian President Alexander Lukashenko said that Minsk wasn't planning on asking for new fund loans.

(Reporting by Andrey Makhovsky, writing by Nastassia Astrasheuskaya, editing by Ron Askew)


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