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Belarusbank placed the inaugural issue of loan participation notes amounting to USD 125 mln

12.06.2007

Belarusbank implemented the largest international borrowing project ever in the history of the bank itself and the Republic of Belarus in general: the inaugural issue of the loan participation notes (LPN) of the bank was placed among international investors. The transaction amounted to USD 125 mln. with the attraction period of one year. The managing banks are VTB Bank Europe plc (Britain) and Banco Finantia (Portugal). The securities were purchased by investors from Britain, continental Europe and Asia.

The implementation of this project became the logical course of the growing international presence of Belarusbank. In 2006 the bank made its first successful steps in the international syndicated borrowing market, implementing this borrowing instrument for the first time in the Republic of Belarus. The transaction was handled in the shortest possible time due to the impeccable reputation and credit history of the bank and harmonious interaction between the representatives of Belarusbank and those of the managing banks. It took little more than two months from the moment of the transaction mandate issuance to finally obtain the money intended.

On May 4, 2007 the transaction information appeared on the Bloomberg screens. After that the representatives of Belarusbank headed by the Deputy Chairperson of the Board Mr. Vladimir Novik made a Road Show for potential investors in London (9-10 May) resulting in the growing number of applications for the loan participation notes of the bank and the application book closing at USD 125 mln.

“We have been working for a long time in the international borrowing market in order to create a positive image of Belarusbank. Now the name is working for Belarusbank,” - Vladimir Metelski, director of International Projects department, says.

The bank sets even more ambitious international objectives: inaugural issue of Eurobonds, new large-scale syndicated borrowings etc.

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/ / Belarusbank placed the inaugural issue of loan participation notes amounting to USD 125 mln