We represented banks-dealers in Lithuania’s issuance of a new 10-year Eurobond. Lithuania borrowed EUR 1.25 billion in international capital markets.

“This means that investors evaluate Lithuania’s credit risk much more favourably. Lithuania took advantage of this situation in the financial markets and fulfilled this year’s borrowing plan by distributing Eurobonds in foreign markets,” says Gintarė Skaistė, Minister of Finance of the Republic of Lithuania.

The new 10-year Eurobonds were issued at a yield of 3.953% and an issue price equal to 99.366 per cent of their face value. This issue will bear an annual interest of 3.875%. Eurobonds will be paid on 14 June this year and redeemed on 14 June 2033.

Our services and team

The transaction was lead-managed by Citi and Societe Generale. Our team, consisting of partner Tomas Kontautas and senior associate Agnė Sovaitė, advised the banks on Lithuanian law-related issues.