Lithuania borrows EUR 1,750 million on international capital markets
Today, Lithuania borrowed EUR 1,750 million on international capital markets by issuing two Eurobond issues – with a nominal value of EUR 1 billion and a 10.5- year maturity, and a nominal value of EUR 750 million and a 20- year maturity.
“Implementing this year's borrowing programme, Lithuania issued two Eurobond issues simultaneously for the second time this year. Both issues are targeted at foreign investors acquiring long-term securities. As a rule, investors expect high creditworthiness and stability when choosing long-term bonds, especially those with a 20-year maturity, therefore, a successful issuance shows a positive assessment of our country's economy and fiscal policy”, Vice-Minister of Finance Darius Sadeckas said.
The Vice-Minister notes that longer-term borrowing contributes to the stability of the general government debt structure – instead of continuously refinancing short-term debts, long-term bonds allow avoiding frequent refinancing risks.
Demand for both Eurobond issues was twice as high as supply, with the final amount of order books reaching EUR 3.4 billion.
The 10.5-year Eurobond issue has been distributed at a yield of 3.662 %, the issue price is 99.698 % of their nominal value. Annual interest of 3.625 % will be paid on this issue. The Eurobonds will be serviced on 10 September 2025 and redeemed on 10 March 2036.
The 20-year Eurobond issue was distributed at a yield of 4.363 %, the issue price amounting to 98.512 % of their nominal value. Annual interest rate of 4,250 % will be paid on this issue. The Eurobonds will be serviced on 10 September 2025 and redeemed on 10 September 2045. The Eurobond issue with a longer maturity than 15 years has been issued for the first time since 2021.
Erste, Société Générale and HSBC were selected as lead managers and Luminor was given the role of co-lead manager.
In January this year, Lithuania borrowed EUR 2 billion on international capital markets by issuing two Eurobond issues with a nominal value of EUR 1 billion and a 5 -year maturity, and a nominal value of EUR 1 billion and a 15- year maturity.
Important Information
Neither this announcement nor any copy of it may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada or Japan or any other jurisdiction where to do so would be unlawful. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment therefore. The offer and the distribution of this announcement and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) absent registration or an exemption from registration under the Securities Act. The Issuer has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.
This announcement is directed only at (i) persons who are outside the United Kingdom or (ii) persons with professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ‘Order’) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as ‘relevant persons’). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
In Member States of the European Economic Area and the United Kingdom, this announcement is directed only at persons who are "Qualified Investors" within the meaning of the Regulation (EU) 2017/1129 or Regulation (EU) 2017/1129 as it forms part of domestic UK law by virtue of the European Union (Withdrawal) Act 2018.
Last updated: 09-09-2025
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