OREANDA-NEWS. August 13, 2010. Belarus has completed the sale of its maiden USD 600 million five-year Eurobond, the Finance Ministry said in a statement.

The coupon rate is 8.75%. Belarus plans to receive the money.

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.

The Finance Ministry noted that the bond issue was 200% oversubscribed.