By Paul A. Harris
St. Louis, Feb. 3 - The Republic of Lithuania (A3/A) has priced a €400 million tap of its 3¾% eurobonds due Feb. 10, 2016 at 100.033 resulting in a yield of 3.746%, according to an informed source.
The tap came at a 21.5 basis point spread to Bunds and a 5 basis point spread to mid-swaps.
Deutsche Bank and UBS were the bookrunners.
The €400 million tap takes the total issue size to €1 billion.
| Issuer: | Republic of Lithuania
|
| Amount: | €400 million
|
| Maturity: | Feb. 10, 2016
|
| Security description: | Tap of 3¾% eurobonds
|
| Bookrunners: | Deutsche Bank and UBS
|
| Coupon: | 3¾%
|
| Price: | 100.033
|
| Yield: | 3.746%
|
| Spread to Bunds: | 21.5 basis points
|
| Spread to mid-swaps: | 5 basis points
|
| Fungibility: | Fungible after 40 days
|
| Settlement date: | Feb. 10, with accrued interest
|
| Issuer ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Total issue size: | €1 billion
|
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