Green Bonds

At the Government Securities auction of 30 April 2018 a domestic issue of green bonds LT0000610305 with a nominal value of EUR 20 million was issued. Later, at the Government Securities auctions in 2020 this issue was tapped twice up to the nominal value of EUR 68 million. It was the first issue of the government securities in the Baltic States, proceeds of which were used for implementation of green projects, i.e. modernisation of multi-apartment buildings and increase of energy efficiency.

The issuance of green bonds was based on the Green Bond Principles approved by the International Capital Market Association (ICMA). The Green Bond Framework can be found here.

Annual reports are presented in accordance with the Guide for Public Sector Issuers Green Bond Proceeds Management & Reporting published by the World Bank in 2018:

Report 2018Report 2019Report 2020Report 2021Final Report 2022

On 27 June 2018, international credit rating agency Moody’s assigned a Green Bond Assessment (GBA) of GB1 (Excellent) to the Government of Lithuania's green bonds. Thus, an external review was received, which is recommended to issuers to ensure that their bonds conform to the Green Bond Principles. On 22 October 2020, due to changes in the corporate structure, rating agency Moody‘s withdrew its outstanding Green Bond Assessments (GBAs), for all issuers, including Lithuania.