Belarus holds non-deal Eurobond road show in Asia-source

MOSCOW, Nov 23 (Reuters) - Belarus is holding a non-deal

road show to test investor interest towards a possible sovereign

Eurobond issue, a banking source told Reuters on Friday.

He added meetings are now taking place in Singapore and Hong

Kong, without elaborating.

Belarus is looking at $500-600 million Eurobond issue, which

might be placed early next year to refinance debt falling due in

2013.

Belarus was forced to devalue its currency, the Belarussian

rouble, by 65 percent last year to deal with a large

current account deficit caused by public spending before the

presidential elections in 2010.

It had issued $1.8 billion in Eurobonds shortly before the

currency crisis, but has not tapped the market since early 2011.

(Reporting by Oksana Kobzeva; Writing by Katya Golubkova;

Editing by Douglas Busvine)

Source: http://news.yahoo.com/belarus-holds-non-deal-eurobond-road-show-asia-082032288--sector.html

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