We represented banks-dealers in Lithuania’s issuance of two new Eurobond issuances: a €1 billion, 5-year bond and a €1 billion, 15-year bond.
“Today, we have borrowed a significant amount, securing one-third of this year’s planned foreign borrowing. Additionally, for the first time since 2021, we issued a bond with a maturity of more than 10 years—this indicates that foreign investors have a positive outlook on our country’s economic and political situation,” said Deputy Minister of Finance Darius Sadeckas.
The new 5-year and 15-year Eurobond issues were sold at yields of 2.975% and 3.777%, with issuance prices at 99.542% and 98.283% of their nominal value. These bonds will bear annual interest rates of 2.875% and 3.625%. The Eurobonds will be settled on January 28, 2025, and will mature on January 28, 2030.
Our Services and Team
BNP Paribas, Bank of America Securities, and JP Morgan were the lead managers for this issuance. They were advised on Lithuanian law issues by our partner Tomas Kontautas and counsel Dr. Lina Aleknaitė – van der Molen and associate Andrius Pilitauskas.