We represented banks-dealers in Lithuania’s issuance of two new Eurobond issuances: a EUR 1 billion 10.5-year bond and a EUR 750 million 20-year bond.
“Implementing this year’s borrowing programme, Lithuania has, for the second time this year, issued two Eurobond tranches simultaneously. Both tranches are targeted at foreign investors purchasing long-term securities. Typically, investors choosing long-term bonds, especially with a 20-year maturity, expect high creditworthiness and stability, so the successful issuance demonstrates a positive assessment of our country’s economy and fiscal policy,” said Vice-Minister of Finance Darius Sadeckas.
The new 10-year and 20-year Eurobond issues were sold at yields of 3.662% and 4.363%, respectively, and issue prices equal to 99.698% and 98.512% of their nominal value. Annual coupon rates of 3.625% and 4.250% will be paid on the bonds. The Eurobonds will be settled on 10 September 2025 and will mature on 10 March 2036.
Our services and team
Erste, Société Générale and HSBC, with Luminor Bank acting as co-lead manager were the lead managers for this issuance. They were advised on Lithuanian law matters by partner Tomas Kontautas, counsel Dr Lina Aleknaitė – van der Molen, and associate Andrius Pilitauskas.
