Lithuania has achieved the best yield for Eurobonds in a decade due to strong demand
Vilnius, January 15. Lithuania successfully borrowed EUR 500 million for ten years in the international financial markets today and will pay the smallest coupon in a decade – 3.375 per cent. Such decrease in borrowing costs was the result of positive investor reaction to the trends in Lithuanian economy and constructive international financial market.
"The Lithuanian Government continues the responsible fiscal policy with the view to join the euro zone in 2015. This is reflected in the positive results of this issue. This Eurobond is also special because it is the first Eurobond issued under Lithuania’s euro medium term notes programme, which will allow the country to borrow in the international markets quicker and at a lower cost, "- said Finance Minister Rimantas Šadžius.
Lithuania has successfully priced an offering of EUR 500 million 3.375 per cent Notes due 2024 (the “Notes”). The Notes have been issued at a yield of 3.46 per cent and issue price equal to 99.292 per cent of their face value.
The settlement of the Notes will take place on 22 January 2014. The Notes mature on 22 January 2024.
Proceeds from the offering will be used for general budgetary purposes and refinancing of existing debt obligations.
The transaction was lead-managed by Barclays and BNP Paribas.
For Lithuania’s euro medium term notes programme, BNP Paribas was chosen as arranger and BNP Paribas, Barclays Capital, J.P. Morgan as well as HSBC took a role of dealers. The similar programmes are used for borrowing in the international financial markets by most of the European countries.
Public Relations Office
Phone: +370 5 2390 187
www.finmin.lt
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.
Atnaujinimo data: 2024-01-04
Taip pat skaitykite:
Kviečiame į konkurso „Europos Sąjungos investicijos Lietuvoje“ apdovanojimus