OREANDA-NEWS. August 16, 2010. Belarus plans to sell bonds in Russia in August 2010 and on Asian markets in late 2010, National Bank of Belarus (NBB) Governor Petr Prokopovich told reporters in Minsk.

“We have decided that we will make a trial placement on the Russian market in August to have a credit history, to open that market,” Prokopovich said.

Belarus will sell about USD 100-200 million of debt in Russia, he said.

“We have entered the European market, and I believe we will open the Asian debt market by the end of the year,” Prokopovich said.

The Asian market is the most efficient one by the volumes of borrowing and rates, Prokopovich said.

He also commented on Belarus’ first Eurobond sale on July 26, 2010. “We placed an insignificant sum; we had planned to sell USD 500 million of debt, whereas investors were ready for over USD 1.6 billion.”

Prokopovich believes further Eurobond issues will be sold at lower yields.