Belarus intends to look for money in Asia

Belarus is actively working on a possibility to place bonds in Asian markets, Belarusian Ambassador to China Kirill Rudy has announced on March 6, BelTA reports.

“We have already signed an agreement on having a Chinese rating. I think, this year we will be close to settling the issue. The sums will depend on Belarus’s needs in terms of re-financing its debts, implementing investment projects,” Rudy said. According to him, opening of the Chinese market for Belarusian bonds influenced attractiveness of the Eurobonds.

“European and American investors do comprehend now that if their price is too high, we can go to China,” the ambassador stressed.

Rudy also said that Asian investors are interested in placing Belarusian bonds. “They are interested not in the country, but in the region in general. They assess [us] quite positively. They look at macroeconomic figures, and ours are improving,” the diplomat added. “There is a saying in the financial markets: one should take money not when one needs it, but when it is given and when it is the most proper time. Now, the time in the financial market is the best to take cheap money and pay it for expensive debts,” Kirill Rudy believes.

As EADaily reported earlier, according to statistics regarding Belarusian Eurobonds that were placed on February 21, major investors come from the USA. “They bought 52% of the emission,” a report by Sberbank CIB says. It is about $312mn. Investors from the UK and continental Europe took 30% and 17% correspondingly.