“Today we have borrowed a significant amount, thus securing one third of the foreign borrowing amount planned for this year. Also, for the first time since 2021, we have issued a tenor longer than 10 years, which shows that foreign investors have a positive view of our country's prospects and its economic and political situation,“ Darius Sadeckas, the Vice-Minister of Finance, says.
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 settlement will take place on 28 January 2025, and 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 settlement will take place on 28 January 2025, and 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.
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