MINSK, 21 October (BelTA) – In November 2010 Belarus plans to float RUB7 billion worth of bonds on the Russian market. The information was released by Andrei Smolsky, Head of the Directorate General for International Financial Relations and Public Debt of the Belarusian Finance Ministry, on 21 October. In the next few days the relevant government resolution will be signed. “In line with optimal forecasts we would like to issue bonds in November. The volume is likely to be RUB15 billion worth of bonds in accordance with the presidential decree,” said Andrei Smolsky. He said that Russia’s Sberbank, an advisor for floating eurobonds, had suggested splitting the issue into several parts. It has been decided to float RUB7 billion and RUB8 billion worth of bonds as a result. Andrei Smolsky explained that the interest rate will depend on timeframe. It is also influenced by expectations that a large number of corporate borrowers plan to enter the market soon. The consequent additional placement of bonds on the Russian market will depend on interests of investors. Speaking about plans of the Finance Ministry to float eurobonds next year, Andrei Smolsky said: “If we managed to do it this year, we will do it next year and so on. The bond issues may be small to keep up interest, to shape the yield curve that investors will keep in mind when corporate issuers will enter the market”.


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