OREANDA-NEWS. August 6, 2010. Belarus has placed a five-year USD 600 million maiden Eurobond at 8.75%, Finance Minister Andrei Kharkovets told reporters.

“The coupon is 8.75%. Lots of investors bought Belarusian Eurobond – those from Europe, Asia, South and North Americas and Israel,” Kharkovets said.

“The yield of 8.75% reflects the market assessments. It is important to understand that we do not form the policy here, it is how investors see us,” Kharkovets said.

Commenting on Standard & Poor’s preliminary rating of Belarus’ debut Eurobond, Kharkovets said “the rating is subject to adjustments; the current rating is the standard evaluation based on the rating of the issuer.”

Standard & Poor's Ratings Services said on Monday that it assigned its 'B+' preliminary long-term senior unsecured debt rating to the proposed debut Eurobond to be issued by the Republic of Belarus (foreign currency B+/Negative/B local currency BB/Negative/B).