July 26, 2018 / 10:01 AM / 3 months ago

Belarus to invite Eurasian Development Bank, Russian banks for bond issue

MINSK, July 26 (Reuters) - Belarus will invite the Eurasian Development Bank and three Russian lenders to arrange an issue of Belarusian bonds on the Russian market, a Belarusian government said in a decree published on its website.

The government has ordered the ministry to sign an agreement with Gazprombank, Sovcombank and Otkritie bank.

Minsk had said it wanted to place a small volume of rouble-denominated bonds on the Russian market next year to refinance its external debt repayments.

Belarus has $16.4 billion in external debt and this year will spend over $3.5 billion on repayments and servicing it. (Reporting by Andrei Makhovsky Writing by Tom Balmforth; Editing by Kevin Liffey)

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