06-02-2024

Over 15 years, EUR 18.1 billion was borrowed in the domestic market at auctions organized by Nasdaq

Today marks 15 years since AB Nasdaq Vilnius has been organizing auctions of Government Securities (GS) in the domestic market. During this period, 745 auctions were held, during which GS for EUR 18.1 billion were distributed.

"For fifteen years, while working closely together with Nasdaq Vilnius, Lithuania not only has held weekly auctions, but also implemented several innovations - green bonds were issued, Eurobond issues started to be tapped in the domestic market. We are pleased with the successful cooperation, which helped to attract new investors and ensured the smooth conduct of auctions and safe settlement", says Minister of Finance Gintarė Skaistė.

Since 2009, GS primary distribution auctions are organized through the Nasdaq Vilnius Stock Exchange, and settlements take place through the Central Securities Depository (Nasdaq CSD). The organization of auctions includes not only the execution of technical procedures (collection of orders, their analysis, checking that the conditions of the orders meet the auction requirements), but also the publication of information. Through the information system of the stock exchange, information about Lithuanian GS auctions is distributed in all European Union countries.

"Today, it has been exactly fifteen years since the first Government Securities distribution auction was organized through the Nasdaq Vilnius Stock Exchange system. During these years, we helped implement 745 GS distribution auctions. We congratulate the Ministry of Finance on this anniversary and hope for further successful cooperation in the future!" said Saulius Malinauskas, Head of the Nasdaq Vilnius Stock Exchange.

The Nasdaq Baltic market consists of three exchanges in Estonia, Latvia and Lithuania and the Central Depository Nasdaq CSD. Nasdaq Baltic Exchanges is a part of Nasdaq, Inc., the world's largest stock exchange group, therefore a high level of confidence of international investors in the stock market of the Baltic countries is ensured, a market infrastructure meeting international standards, the world's fastest trading platform and high standards for inclusion in trading lists are offered.

The Government plans to borrow about EUR 5.7 billion in 2024, of which about EUR 2.2 billion in the domestic market, by issuing GS both by auction, and by distributing Government Savings Notes.

Additional information:

  • GS is the main instrument of state borrowing. These are debt securities issued in the domestic or foreign markets on behalf of the state, confirming the right of their holder to receive an amount corresponding to their nominal value, interest or other equivalent within the stipulated terms.
  • Only those banks and financial brokerage companies can participate in GS auctions that meet the requirements set by the Ministry of Finance for GS auction participants and have signed the GS auction participant agreement with the Ministry of Finance. Currently, AS Citadele banka (Latvian commercial bank), AS Luminor Bank, AB SEB bankas, AB Swedbank, AS Swedbank (Latvian commercial bank), AB Šiaulių bankas and Erste Group Bank AG (Austrian commercial bank) participate in the Lithuanian GS auctions. More information about GS auctions is available at: https://finmin.lrv.lt/lt/veiklos-sritys/valstybes-skolos-valdymas/vyriausybes-vertybiniai-popieriai/vvp-aukcionai
  • Until February 2009, GS auctions were organized by the Bank of Lithuania.