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Eurobonds

The Government issues eurobonds in the international markets. Currently, an investor can buy eurobonds denominated in euros on the secondary market.

In January 2014, Lithuania established its Euro Medium Term Note (EMTN) programme and the most recent update of the programme was on 20 May 2022.

The EMTN Programme is a set of standard issuance documentation that aims to increase the Ministry of Finance’s flexibility to use market windows when issuing Government securities in the international financial markets and decrease costs related to such borrowing. Lithuania’s EMTN Programme is unlimited in amount and has no limitations with regards to currency. Since 1 July 2021, the arranger of the EMTN programme (BNP Paribas) is the only dealer.

The Programme’s Offering Circular dated 20 May 2022 can be found here: Programme OC.

Investor Presentation dated October 2022 can be found here: Investor Presentation

All public Lithuanian Government securities issued in the international markets are listed on the Luxembourg Stock Exchange. The details of those securities as well as accompanying Offering Circulars can be found on the Luxembourg Stock Exchange website (for registered users, registration is free).

Eurobonds outstanding as at 25 October 2022

ISIN Code Amount (million) Currency Issue Date (yyyy-mm-dd) Redemption Date (yyyy-mm-dd) Coupon (%) Issue Yield (%) Terms & Conditions
XS1020300288 700 EUR   2024-01-22 3.375   English (EMTN)
  Issue 500   2014-01-22     3.460  
  Re-opening 100   2022-08-08     1.418  
  Re-opening 100   2022-10-10     2.902  
XS2168038417 970 EUR   2025-05-06 0.250   English (EMTN)
  Issue 750   2020-05-06     0.345  
  Re-opening 75   2021-09-20     -0.381  
   Re-opening 145   2022-04-11     0.896  
XS1310032187 750 EUR 2015-10-22 2025-10-22 1.250 1.366 English (EMTN)
XS1130139667 1,085 EUR   2026-10-29 2.125   English (EMTN)
  Issue 1,000   2014-10-29     2.322  
  Re-opening 50   2021-11-22     -0.193  
   Re-opening 35   2022-06-13     1.800  
XS1619567677 1,100 EUR   2027-05-26 0.950   English (EMTN)
  Issue 750   2017-05-26     1.129  
  Re-opening 350   2017-11-14     0.848  
XS2547270756 900 EUR 2022-10-25 2028-04-25 4.125 4.283 English (EMTN)
XS2013677864 675 EUR   2029-06-19 0.500   English (EMTN)
  Issue 650   2019-06-19     0.603  
  Re-opening 25   2022-02-14     0.669  
XS2168038847 1,250 EUR 2020-05-06 2030-05-06 0.750 0.829 English (EMTN)
XS2487342649 970 EUR   2032-06-01 2.125   English (EMTN)
 Issue 650   2022-06-01     2.272  
 Re-opening 20   2022-09-12     2.859  
 Re-opening 300   2022-10-25     4.514  
XS1310032260 1,200 EUR   2035-10-22 2.125   English (EMTN)
  Issue 750   2015-10-22     2.158  
  Re-opening 450   2016-09-22     1.132  
XS1619568139 750 EUR   2047-05-26 2.100   English (EMTN)
  Issue 550   2017-05-26     2.188  
  Re-opening 200   2017-11-14     1.906  
XS2013678086 850 EUR 2019-06-19 2049-06-19 1.625 1.732 English (EMTN)
XS2210006339 1,750 EUR 2020-07-28 2050-07-28 0.500 0.637 English (EMTN)
XS2364754411 750 EUR 2021-07-15 2051-07-15 0.750 0.889 English (EMTN)

 

Last updated: 04-11-2022