Chicago, Feb. 6 – The Republic of Lithuania (A2/A+/A) priced €1.5 billion of 3˝% 10-year notes on Tuesday, according to information provided by a bank source.
The notes priced at 99.115 to yield 3.607%, or at mid-swaps plus 90 basis points.
Books opened on guidance in the mid-swaps plus 100 bps area.
BNP Paribas (billing and delivery), Erste Group and JPMorgan were bookrunners for the Regulation S-only deal.
The deal launched with an order book above €4.1 billion.
Proceeds will be used for general budgetary purposes.
The notes will be listed in Luxembourg.
| Issuer: | Lithuania
|
| Amount: | €1.5 billion
|
| Issue: | Notes
|
| Maturity: | Feb. 13, 2034
|
| Bookrunners: | BNP Paribas (billing and delivery), Erste Group and JPMorgan
|
| Co-manager: | SEB Lithuania
|
| Coupon: | 3˝%
|
| Price: | 99.115
|
| Yield: | 3.607%
|
| Spread: | Mid-swaps plus 90 bps
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Issuer ratings: | Moody’s: A2
|
| S&P: A+
|
| Fitch: A
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 100 bps area
|
| ISIN: | XS2765498717
|
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