Belarus

Belarusian food retailer Eurotorg has hit the Russian rouble-denominated debt capital markets for the second time this year, raising a Rb3.5bn ($52m) loan.

Eurotorg, the Belarusian food retailer, issued its debut Russian rouble bond last week, paving the way for the Belarusian government to follow suit.

The Development Bank of the Republic of Belarus raised $500m with its first ever Eurobond on Wednesday, slicing 25bp off its yield from initial price thoughts.

The Development Bank of the Republic of Belarus has released initial price guidance for its Eurobond debut at 7% area for a five year Reg S/144A dollar bond. A banker away from the deal called the level fair.

The Development Bank of the Republic of Belarus (DBRB) will go on the road this week, promoting its first ever international dollar Eurobond.

Belarus is working to issue its first sovereign Panda bond, GlobalRMB understands.

The market volatility of recent weeks has claimed another IPO victim, Belarusian retailer Eurotorg, which postponed its listing on Tuesday, the last day of bookbuilding.

Two listings from Slovenia and Belarus are due to close this week and the sellers are hopeful of getting the deals across the line, despite market challenges.

Eurotorg, the largest supermarket chain in Belarus, has fixed a price range for its landmark IPO on the London Stock Exchange, which could value the company at almost $1bn.

Eurotorg, the biggest supermarket group in Belarus, has announced its intention to float on the London Stock Exchange, paving the way for the first big international IPO of a Belarusian company.

Belarus’s state-owned BeIinvestbank is in talks to raise a €50m syndicated loan, in a rare international deal for the country.

The Republic of Belarus has printed its $600m 12 year bond through its curve despite other emerging market sovereigns paying up for their bonds over the past fortnight.