Lithuania raised EUR 2 billion in the international capital markets by issuing two Eurobond issues of EUR 1 billion each – one with 5-year maturity and the other with 15-year maturity.
Demand for the 5-year issue more than doubled supply with final orderbook reaching EUR 2.05 billion. The issue was placed at a yield of 2.975 per cent and the issue price equal to 99.542 per cent of its face value. The annual coupon was set at 2.875 per cent. The Eurobond will mature on 28 January 2030.
Demand for the 15-year issue supply grew the final orderbook to EUR 2.6 billion. The issue was placed at a yield of 3.777 per cent and the issue price equal to 98.283 per cent of their face value. The annual coupon was set at 3.625 per cent. The Eurobond will mature on 28 January 2040.
The transaction was lead-managed by BNP Paribas, Bank of America Securities and JP Morgan. SEB Bank was appointed as a co-lead manager. TEGOS team who worked on the project: Dalia Augaitė and Nortautas Zenevičius.
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