EUROPE/AFRICA

摘要

The republic of belarus plans to use a large chunk of its reserves to repay an impending US$1bn bond maturity, but the sovereign is still seeking to raise new international debt this year, a ministry of finance official told IFR. Belarus has a US$1bn 8.75% bond issue due to mature on August 3 that equates to just under one-quarter of the country's FX reserves. The notes were trading at a cash price of 98.173 on Wednesday, or a yield of 19.87%, according to Eikon.