Belarus hit by sanctions but investors avoid panic selling

AdobeStock_Belarus_Russia_EU_575x375_20Aug2020
By Mariam Meskin
20 Aug 2020

The European Union is to impose sanctions on leading Belarusian officials after condemning the country’s presidential election as rigged. But bond investors are not in panic mode.

Belarusian bonds made a modest recovery after a sharp sell-off earlier in the week. The 2031 tranche of a $1.25bn deal issued in June was trading at between 91.7 and 93 on Thursday morning.

“The notes are in recovery mode. They dipped below 90 earlier this week, so an ...

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