Published on 10/15/2015 in the Prospect News Emerging Markets Daily.
New Issue: Lithuania prices €1.5 billion of notes in two tranches due 2025, 2035
By Christine Van Dusen
Atlanta, Oct. 15 – Lithuania priced a €1.5 billion issue of notes in two parts due Oct. 22, 2025 and Oct. 22, 2035 (expected ratings: A3/A-/A-), a market source said.
The deal included €750 million of 1¼% notes due 2025 that priced at 98.923 to yield 1.366%, or mid-swaps plus 43 basis points.
The sovereign also sold €750 million of 2 1/8% notes due 2035 that priced at 99.469 to yield 2.158%, or mid-swaps plus 69 bps.
BNP Paribas, Barclays and HSBC were the bookrunners for the Regulation S transaction.
| Issuer: | Lithuania
|
| Amount: | €1.5 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, BNP Paribas, HSBC
|
| Trade date: | Oct. 15
|
| Settlement date: | Oct. 22
|
| Expected ratings: | Moody’s: A3
|
| Standard & Poor’s: A-
|
| Fitch: A-
|
| Distribution: | Regulation S
|
|
|
| Ten-year notes
|
| Amount: | €750 million
|
| Maturity: | Oct. 22, 2025
|
| Coupon: | 1¼%
|
| Price: | 98.923
|
| Yield: | 1.366%
|
| Spread: | Mid-swaps plus 43 bps
|
|
|
| Twenty-year notes
|
| Amount: | €750 million
|
| Maturity: | Oct. 22, 2035
|
| Coupon: | 2 1/8%
|
| Price: | 99.469
|
| Yield: | 2.158%
|
| Spread: | Mid-swaps plus 69 bps
|
|
|
|
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