The size of the deal is likely to be the equivalent of 500 million US dollars, but the currency is still to be decided, the source told the news agency.
Lithuania last tapped international financial markets on September 19, 2012 when it raised 175 million Swiss francs through its first-ever Swiss franc-denominated bond issue. The 5.5-year bond pays annual interest of 2 percent. Credit Suisse and BNP Paribas handled the deal.
Lithuania's net borrowing limit for this year is planned at 1 billion litas (EUR 300m), one of the lowest ever. The country this year is planning to borrow a total of 7.5 billion litas, but most of the money will be used to redeem existing debt.
