Development Bank of Belarus snags $500m
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.
Citi and Raiffeisen Bank ran the books for the deal, offering initial price thoughts of 7% area for a five year Reg S/144A bond.
The book closed with $1.55bn, allowing the leads to set the yield at 6.75%.The borrower is still planning to issue a bond denominated ...
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