Eurotorg To Issue Belarus' First Corporate Eurobond
Belarusian supermarket chain Eurotorg is planning the country's first corporate eurobond, according to the Financial Times.
The retailer is reported to have hired banks to pitch as much as $350 million in five-year eurobonds to attract investors.
However, the company has said that it will not comment on these market rumours.
"We regularly assess different funding opportunities and maintain an active dialogue with our advisers about various options. We cannot provide any more details at this time,” the company stated.
Eurtorg is Belarus' largest food retailer, with 19% market share. The country's retail sector is dominated by small, independent traders.
In August, Spar became the first international company to enter the retail market in Belarus.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.