"The decision was driven by positive sentiment in the financial markets and our aim to fix into the low interest rate. This re-opening of our longest Eurobond increases liquidity of the bond, therefore, price discovery exercise will be more efficient from now on," said Finance Minister Rasa Budbergyte.
"Proceeds from the offering will be used for general budgetary purposes as foreseen in the 2016 Borrowing Program approved by the government," she said.
The Eurobond was issued at a yield of 1.132% and issue price equal to 116.955% of its face value. The settlement will take place on Oct. 22 and the maturity date is Oct. 22, 2035, the ministry said.
The transaction was lead-managed by Goldman Sachs International and J.P. Morgan.
Lithuania is rated A3 by Moody's and A- by both Standard & Poor's and Fitch Ratings.
