Lithuania Successfully Prices Re-Opening of Eurobond Issue


2012 04 17


Vilnius, April 17. Lithuania has successfully priced an offering of EUR 400 million 4.85 percent Notes due 2018 (the “Further Notes”) that will be consolidated and form a single series with the EUR 600 million 4.85 per cent. Notes due 2018 issued on 29 October 2007 (together the “Notes”).

The offering of the Further Notes was almost 2.5 times oversubscribed and the final orderbook reached nearly EUR 1 billion.

The Further Notes will be issued at a yield of 4.216 per cent and issue price equal to 103.181 percent of their face value. The settlement of the Further Notes is expected on 24 April 2012. The Notes mature on 7 February 2018.

Proceeds from the offering will be used for general budgetary purposes.

This is the first Eurobond issue of the Republic of Lithuania in euros issued on international markets since 2009. The transaction was lead-managed by DNB and HSBC.

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Phone: (+370 5) 2390187

Copies of this announcement are not being made and may not be distributed or sent into the United States, the United Kingdom, Canada, Australia or Japan.

This announcement is not an offer for sale of securities in the United States.  The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of the securities to the public in the United Kingdom.  No prospectus has been or will be approved in the United Kingdom in respect of the securities.   This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (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.

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