This is the second international bond offering by Lithuania this year.
Rasa Jakilaitienė, aide to the Finance Minister, also confirmed to BNS that Lithuania had raised 400 million euros on Tuesday. The bond, same as that issued in 2007, carried a 4.85 percent coupon, she added.
Lithuania raised funds “at a very good price” considering the current situation on financial markets, Varenbergas said.
“Considering the current situation, the price is very good compared with other countries. It is as yet unclear what the demand was,” he added.
New issue will be added to the 2018 maturity euro-denominated 600 million euros bond issue placed in 2007 at 4.85 percent yield.
Late in January, Lithuania’s government raised 1.5 billion US dollars on international markets. The country issued a 10-year US dollar denominated bond with a 6.625 percent coupon.
Lithuania may need to borrow up to 10.3 billion litas (EUR 2.98 b) this year and hopes to raise almost two-thirds of that amount on international markets. The country will have to redeem 1 billion euros euro-denominated bond maturing in May.
