Lithuania has borrowed EUR 450 million in foreign markets

Vilnius, September 15. Lithuania has successfully priced an offering of EUR 450 million (nominal value) that will be consolidated and form a single series with the EUR 750 million Eurobond due 2035.

„The decision was driven by positive sentiment in the financial markets and our aim to fix into the low interest rate. This re-opening of our longest eurobond increases liquidity of the bond, therefore, price discovery exercise will be more efficient from now on. Proceeds from the offering will be used for general budgetary purposes as foreseen in the 2016 Borrowing Programme approved by the Government“, – Rasa Budbergytė, the Minister of Finance of the Republic of Lithuania said.  

The Eurobond has been issued at a yield of 1.132 per cent and issue price equal to 116.955 per cent of its face value. The settlement of the Eurobond will take place on 22 October 2016. Maturity date is 22 October 2035.

The transaction was lead-managed by Goldman Sachs International and J.P. Morgan.

Twenty-year maturity EUR 750 million Eurobond issued in October 2015 and bearing a 2.125 per cent coupon marked the first Lithuania’s Eurobond issue of such duration.

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