New Issue: Lithuania sells €600 million 11-year notes to yield mid-swaps plus 8 bps

By Reshmi Basu

New York, Feb. 3 - The Republic of Lithuania priced €600 million 11-year notes (A3/A-/A-) at 99.743 with a 3¾% coupon to yield 3.779%, according to a market source.

The yield equates to mid-swaps plus 8 basis points or 21.8 basis points over Bunds, the source said.

The book size was more than €4 billion.

Deutsche Bank and UBS Investment Bank managed the Regulation S sovereign deal.

Issuer:	Republic of Lithuania
Amount:	€600 million
Maturity:	Feb. 10, 2016
Coupon:	3¾%
Issue price:	99.743
Yield:	3.779%
Spread:	Mid-swaps plus 8 basis points, Bunds plus 21.8 basis points
Pricing date:	Feb. 3
Settlement date:	Feb. 10
Lead managers:	Deutsche Bank, UBS Investment Bank
Ratings:	Moody's: A3
	Standard & Poor's: A-
	Fitch: A-

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