We represented banks-dealers in Lithuania’s issuance of two new Eurobond issues with a nominal value of EUR 1.25 billion and a 5-year maturity, and with a nominal value of EUR 750 million and a 15-year maturity.
“Lithuania took advantage of the favourable market situation and borrowed EUR 2 billion. We are delighted that our active work has attracted a large number of investors, with 15-year issue demand twice as high as supply and 5-year issue demand as high as 3 times. This result shows that foreign investors are positive about the prospects of our country and its economic and political situation”, Minister of Finance Kristupas Vaitiekūnas states.
The final amount of order books issued by both Eurobonds was EUR 5.82 billion. The 5-year Eurobond issue was distributed at a yield of 3.019 %, the issue price being 99.913 % of their nominal value. Annual interest rate of 3% will be paid on this issue. The Eurobonds will be serviced on 22 January 2026 and redeemed on 22 January 2031.
The 15-year Eurobond issue was distributed at a yield of 4.244 %, the issue price being 98.699 % of their nominal value. Annual interest rate of 4.125% will be paid on this issue. The Eurobonds will be serviced on 22 January 2026 and redeemed on 22 January 2041.
Our services and team
The transaction was lead-managed by JP Morgan, Morgan Stanley and Deutsche Bank and Swedbank as co-lead manager. Our team, consisting of partner Tomas Kontautas, counsel Lina Aleknaitė-van der Molen and associate Andrius Pilitauskas advised the banks on Lithuanian law-related issues.
