By Christine Van Dusen
Atlanta, Nov. 9 - The Republic of Lithuania priced a $750 million add-on to its existing 6 1/8% notes due March 9, 2021 (Baa1/BBB/BBB) at 101.249 to yield 5.947%, or Treasuries plus 390 basis points, according to a notice from the sovereign.
The notes were talked at the Treasuries plus 400 bps area.
JPMorgan and UBS were the bookrunners for the Rule 144A and Regulation S deal.
The notes will be consolidated to form a single series with the $750 million 6 1/8% notes due 2021 that were issued on March 9.
Proceeds will be used to address Lithuania's forthcoming maturities and for general budgetary purposes.
| Issuer: | Republic of Lithuania
|
| Amount: | $750 million
|
| Maturity: | March 9, 2021
|
| Description: | Notes
|
| Bookrunners: | JPMorgan, UBS
|
| Coupon: | 6 1/8%
|
| Price: | 101.249
|
| Yield: | 5.947%
|
| Spread: | Treasuries plus 390 bps
|
| Trade date: | Nov. 9
|
| Settlement date: | Nov. 16
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 400 bps area
|
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