London Stock Exchange welcomes the Republic of Belarus Inaugural bond listing on the Main Market
London Stock Exchange today welcomes the Ministry of Finance, acting on behalf of the Republic of Belarus, placing its US$500m 5.875% due February 2026 and US$750m 6.378% due February 2031 dual-tranche benchmark Eurobonds. These are the first bonds issued by the Ministry of Finance to be admitted to London Stock Exchange.
The Republic of Belarus, country in Eastern Europe, stands at the crossway of transport routes between Western Europe and Russia and Asia. The geopolitical and geo-economic situation, existing experience of statehood and of forging international cooperation and an export-oriented economy determine the multi-vector policy of Belarus. The country is consistently striving to improve its openness to international investors and boasts a fast-growing IT services sector – a major driver of future growth.
Belarus is keen to improve its ESG credentials. It ranks #50 out of 189 in the Human Development Index and #49 among 190 for Doing Business (as of 2018 and 2019, respectively). The government is committed to implementing the 2030 Agenda and is heavily involved in the enhancement of all ESG aspects.
The government of the Republic of Belarus pursues a prudent fiscal policy supported by conservative public debt management. Belarus has a strong track record of timely and unconditional service of its debt obligations.
Belarus has regularly accessed international capital markets and approximately 10% of the country’s total public debt is represented by the bonds placed in external financial market.
Yury Seliverstov, Minister of Finance of the Republic of Belarus:
“I am very glad that the Republic of Belarus at this difficult time for the whole world found support among investors and successfully placed two new issues of sovereign Eurobonds. It is doubly honourable that securities have been listed on the world's leading stock exchange platform. We hope that cooperation between our country and the London Stock Exchange will be continued.”
The Ministry’s advisors to the Eurobonds issuance included:
Citigroup Global Markets Limited
Raiffeisen Bank International AG
Société Générale Corporate & Investment Banking
White & Case LLP
Clifford Chance LLP Ministry of Justice Egorov Puginsky Afanasiev & Partners