We represented banks-dealers in Lithuania’s issuance of a new 10-year Eurobond. Lithuania borrowed EUR 1.5 billion in international capital markets.
„Lithuania has successfully launched a programme of borrowing in foreign financial markets and has secured a significant part of the amount of foreign borrowing planned for this year on favourable terms. We are pleased with the continued reduction of credit risk and the continued investor confidence,“ says Rasa Kavolytė, Director of the Treasury Department of the Ministry of Finance.
The new 10-year Eurobonds were issued at a yield of 3,607% and an issue price equal to 99.115 per cent of their face value. This issue will bear an annual interest rate of 3.500%. Investor demand for Lithuanian government bonds amounted to more than EUR 4.1 billion.
Our services and team
The transaction was lead-managed by BNP Paribas, Erste Group, JP Morgan, SEB. 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.