OREANDA-NEWS. September 10, 2010. Belarus has received money for its additional USD 400 million Eurobond sale, the Finance Ministry said in a statement.

In July, Belarus sold a USD 600 million five-year Eurobond issue. The coupon rate is 8.75%.

On August 9, Belarus placed an additional USD 400 million issue. The yield of the additional issue is at 8.251%. The average rate for the two issues totaling USD 1 billion has thus reached 8.7%

Interests will be paid every six months on February 3 and August 3. The first payment is due on February 3, 2011. The bonds will mature on August 3, 2015.

The bonds were listed on the Luxembourg Stock Exchange.

BNP Paribas, Deutsche Bank, The Royal Bank of Scotland and Russian Sberbank became the lead arrangers of the issue. Belarusbank acted as the co-arranger.

White & Case and Allen & Overy acted as legal consultants of Belarus and the arrangers.