Banks, Financial Services, Lithuania

International Internet Magazine. Baltic States news & analytics Saturday, 30.05.2020, 20:33

Lihtuania searching for Eurobond issue distributors

BC, Vilnius, 20.04.2017.Print version
Lithuania intends to distribute Eurobonds on international markets and is searching for banks that could organize the distribution of issues, international news agency Reuters reported, citing information from IFR writes LETA/BNS.

LETA/BNS Lithuania has so far been unable to obtain a comment from the Finance Ministry.

The Lithuanian government plans to borrow about 3.1 bln euros in 2017, of which the largest share is expected to be taken from foreign markets by issuing Eurobonds in the amount of 1.75 bln euros.

Lithuania last borrowed on international markets last September, raising 450 mln euros by reopening its 20-year 750-mln-euro bond placed in 2015 bringing the total size of the issue, which carries a 2.125% coupon, to 1.2 bln euros. The tap bond was issued at a yield of 1.132%.

The transaction was lead-managed by  Goldman  Sachs International and J.P. Morgan.

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