Some of the funds required for debt repayment early next year had already been raised in September so as to lower refinancing risks, she said in an interview to the Veidas weekly.
“The borrowing structure has changed entirely since 2012 if compared with 2009-2010 – the bulk of borrowing requirements concerns refinancing, and not deficit funding, which will also be the case next year,” the minister said.
Šimonytė pointed out that the bulk of refinancing during the next parliamentary mandate would not include the debt accumulated during this government’s tenure.
“The issues placed between 2002 and 2006, of 1 billion euros each, will be redeemed this year, next year and in 2016,” the minister said.
Lithuania raised 175 million Swiss francs (EUR 145m) through a 5.5-year bond issue in mid-September. Early last month, it also borrowed 167 million euros in Germany’s financial market.