EU – Baltic States, Financial Services, Investments, Lithuania

The issue would be redeemed on February 10, according to the data made available by the Finance Ministry.

The operation would be conducted on Tuesday or Wednesday, Terese Staniulyte, spokeswoman for the ministry, told BNS.

More specific details, such as the amount redeemed with interest, etc., would be provided after the redemption of the issue, she said.

In February 2005, Lithuania sold a 600-million-euro government bond and in 2006 reopened the issue raising additional 400 million euros.

The ten-year issue carried an annual coupon of 3.75%, which, at the time, was the lowest rate the country ever paid for an international debt issue.

To redeem the issue, the government will use the receipts from the 1.5-billion-euro Eurobond sold last October. The government then placed two 750-million-euro Eurobond issues with maturities of 10 and 20 years. The ten-year bond pays an annual coupon of 1.25% and was issued to yield 1.366%. The 20-year bond pays a coupon of 2.125% and has a yield of 2.158%.