BDAR

Eurobonds

The Government issues eurobonds in the international markets. Currently, an investor can buy eurobonds denominated in euros and U.S. dollars 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 in April 2020.

The EMTN Programme is a set of standard issuance documentation that will 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.

Dealers under the Lithuania’s EMTN Programme:

  • Barclays
  • BNP Paribas (also the Arranger)
  • Citigroup
  • Societe Generale
  • Goldman Sachs International
  • J.P. Morgan
  • Erste Group

The Programme’s Offering Circular dated 24 April 2020 can be found here: Programme OC.

The Republic of Lithuania: Investor Presentation, July 2020

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 10 March 2021

ISIN code Amount (million) Currency Issue date (yyyy-mm-dd) Redemption date (yyyy-mm-dd) Coupon Issue yield Terms & Conditions

XS0739988086 / US536878AG61

1,500 USD 2012-02-01 2022-02-01 6.625 6.750 English
XS1020300288 500 EUR 2014-01-22 2024-01-22 3.375 3.460 English (EMTN)
XS2168038417 750 EUR 2020-05-06 2025-05-06 0.250 0.345 English (EMTN)
XS1310032187 750 EUR 2015-10-22 2025-10-22 1.250 1.366 English (EMTN)
XS1130139667 1,000 EUR 2014-10-29 2026-10-29 2.125 2.322 English (EMTN)
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  
XS2013677864 650 EUR 2019-06-19 2029-06-19 0.500 0.603 English (EMTN)
XS2168038847 1,250 EUR 2020-05-06 2030-05-06 0.750 0.829 English (EMTN)
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)

 

Last updated: 10-03-2021