Belarusbank plans to float $500m of Eurobonds in 2011

Belarusbank plans to float $500 million worth of Eurobonds with the maturity period of three years in 2011, announced Deputy Chairman of the Board of Belarusbank Gennady Gospodarik.

“We are carrying out preparatory works to enter the market on the most acceptable terms. We plan to do it in mid-2011. Today we are in search of financial advisers and we carry out other organizational procedures,” he said.

Gennady Gospodarik added that the Eurobond floatation will help the bank to obtain untied loans. Belarusbank also plans to float Eurobonds on Russian and Asian markets.

Belarusbank is the largest financial institution of Belarus offering to its customers more than 100 types of banking products and services including cash settlements, lending, deposit banking, leasing, factoring, cash collection, international and interbank settlements, foreign currency exchange and conversion, plastic cards transactions, consulting and depository services. The banking structure comprises six regional branches, 55 subsidiaries, 1842 outlets and 81 banking service centers.

According to