BELARUS NEWS AND ANALYSIS

DATE:

14/12/2009

Belarus picks Sberbank as bond issue organizer

RBC, 14.12.2009, Moscow 12:47:17.Belarus has chosen Sberbank as the organizer of its bond issue worth up to RUB 15bn (approx. USD 496.5m) on the Russian market, RBC Daily wrote today. Late last week, Sberbank and the government of Belarus inked an agreement granting the bank a mandate to arrange the placement of the republic's bonds worth a total USD 2bn, and RUB 15bn (approx. USD 496.5m) on the Russian market. "Belarus is not now represented on the foreign debt market, but we are planning to start working to this end next year," RBC Daily quoted Sberbank Chairman German Gref as saying. Furthermore, Sberbank will also act as the organizer for syndicated loans for Belarus of USD 300m, and RUB 5bn (approx. USD 165.51m).

Source:

http://www.rbcnews.com/free/20091214124717.shtml


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