Belarus requires additional sources of borrowing
On the Luxembourg Exchange Belarusian bonds maturing in 2018 were traded with the 32.25% discount to the nominal value, which is the lowest price for the whole period of sales.
Placing new Eurobonds issues would be impractical at this stage due to high risk premium requested by potential investors. Both, the state banks and the Finance Ministry might therefore issue new foreign currency bonds on the domestic market. In addition, Belarus might address loan requests to Russia and international financial organisations. The authorities still do not consider privatisation as a source of gaining additional financial resources. However, they might somewhat improve the investment climate in the country in order to attract foreign investors.