New Issue: Lithuania price $1.5 billion 6¾% notes due January 2015 at Treasuries plus 462.5 bps

By Paul A. Harris

St. Louis, Oct. 7 - The Republic of Lithuania priced a $1.5 billion issue of 6¾% fixed-rate notes due Jan. 15, 2015 (Baa1/BBB/BBB) at a 462.5 bps spread to Treasuries on Wednesday, according to a market source.

HSBC and RBS Securities led the Rule 144A and Regulation S for life notes issue. SEB Trading and Capital Markets was the senior co-lead manager. DNB Nord Banka and Nordea Bank AB were co-lead managers.

Issuer:	The Republic of Lithuania
Amount:	$1.5 billion
Maturity:	Jan. 15, 2015
Securities:	Fixed-rate notes
Bookrunners:	HSBC, RBS Securities
Senior co-lead managers:	SEB Trading and Capital Markets
Co-lead managers:	DNB Nord Banka, Nordea Bank AB
Coupon:	6¾%
Price:	99.744
Yield:	6.812%
Spread:	462.5 bps
Trade date:	Oct. 7
Settlement date:	Oct. 15
Ratings:	Moody's Baa1
	Standard & Poor's: BBB
	Fitch: BBB
Distribution:	Rule 144A/Regulation S for life

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