OREANDA-NEWS. December 10, 2010. Belarus is getting ready to offer its bonds on the Asian financial market, Prime Minister of Belarus Sergei Sidorsky said during the Belarus Investment Forum in Frankfurt am Main.

“We are getting ready to enter the Asian financial market in order to offer our bonds. We hope to attract investors from Hong Kong and Singapore. Last week we had a road show in both countries, and we observed a keen interest in our economy and possible placement of our bonds on those markets,” Sidorsky said.

According to him, Belarus has decided to offer up to USD 500 million worth of bonds in Russia. “It will be a debut not only for us, but also for Russians, who open their markets by way of placing foreign countries’ bonds on their market,” Sidorsky said.

He noted that “although Belarus has increased foreign borrowing, the ratio of the foreign debt to GDP remains under 20%, compared to 60%-80% in many developed countries here in Europe.”

The premier reminded that Belarus successfully placed USD 1 billion in Eurobond in 2010. “We offered the bonds in two issues, with the average yield of 8.7%. The bonds are in demand now; the yield is now estimated at 8%,” Sidorsky said.