By Rebecca Melvin
New York, Nov. 8 – The Republic of Lithuania priced a €350 million tap of its existing 0.95% notes due 2027 at 100.929 and a €200 million tap of its existing 2.1% notes due 2047 at 104.345, according to a market source on Wednesday.
The add-ons to the Luxembourg Stock Exchange-listed securities were sold by J.P. Morgan Securities plc as stabilization coordinator and Banca IMI as stabilization manager, and bring those deal sizes up to €1.1 billion and €750 million for the 2027 and 2047 notes, respectively.
The original Regulation S issue of €550 million 2.1% notes due 2047 and €750 million of 0.95% notes due 2027 priced on May 26.
On Sept. 8, Moody’s Investors Service affirmed its A3 rating for the 2027 and 2047 notes.
| Issuer: | Republic of Lithuania
|
| Issue: | Bond add-ons
|
| Trade date: | Nov. 8
|
| Rating: | Moody’s: A3
|
|
|
| 2027 notes
|
| Amount: | €350 million tap of notes due 2027
|
| Maturity: | May 26, 2027
|
| Coupon: | 0.95%
|
| Price: | 100.929
|
| Original issue date: | May 26, 2017
|
| Total issue size: | €1.1 billion
|
|
|
| 2047 notes
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| Amount: | €200 million tap of notes due 2047
|
| Maturity: | May 26, 2047
|
| Coupon: | 2.1%
|
| Price: | 104.345
|
| Original issue date: | May 26, 2017
|
| Total issue size: | €750 million
|
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