By Aaron Hochman-Zimmerman
New York, June 18 - Lithuania priced €500 million of five-year bonds at 99.52 to yield 9½% late Monday, according to a market source.
The deal priced in line with talk for a yield in the 9½% area.
The 9 3/8% bonds came at a spread of 677 basis points over the comparable OBL, according to a market source.
Citigroup, Credit Suisse and RBS acted as bookrunners for the deal.
Issuer: Lithuania
Issue: Global bond
| Amount: | €500 million
|
| Maturity: | 2014
|
| Coupon: | 9 3/8%
|
| Price: | 99.52
|
| Yield: | 9½%
|
| Spread: | OBL plus 677 bps
|
| Bookrunners: | Citigroup, Credit Suisse, RBS
|
| Pricing date: | June 15
|
| Price talk: | 9½% area
|
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