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Published on 10/17/2011 in the Prospect News Emerging Markets Daily.

New Issue: Lithuania issues LTL 70 million of 4.8% notes due 2016

By Susanna Moon

Chicago, Oct. 17 - The Republic of Lithuania auctioned LTL 70 million of 4.8% government notes due Oct. 20, 2016 on Monday, according to a government announcement.

The securities have a face value of LTL 100 each.

The weighted average accepted yield was 4.892%. The minimum offered yield was 4.79%, and the maximum accepted yield was 4.99%.

In total, the republic received LTL 75.05 million of competitive bids and LTL 14.65 million of non-competitive bids. The turnover was LTL 69.72 million.

Issuer:Republic of Lithuania
Issue:Government notes
Amount:LTL 70 million
Maturity:Oct. 20, 2016
Coupon:4.8%
Weighted average yield:4.892%
Auction date:Oct. 17
Settlement date:Oct. 20

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