Lithuania’s USD 1.5 bln bond carries 6.75% interest
Posted by editor on 10/08/09 • Categorized as Finance • 
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The Lithuania’s Minister of Finance Simonyte has broken the silence about the Lithuanian government’s five-year 1.5-billion-US-dollar bond issue. Lithuania’s President Grybauskaite put the Lithuanian Ministry of Finance in an awkward position on 7 October when she broke the news about the possible deal prematurely at a press conference during her visit to Finland.
The Finance Minister Ingrida Simonyte said on 8 October ‘The successful bond issue shows that investors have confidence in and support the government’s fiscal policies and the consolidation measures that we have already taken and will have to take in the future’.
This is the biggest-ever sale of Lithuanian government bonds in foreign markets. The placement will be closed on 15 October when additional information will be released. The issue will mature on 15 January 2015. The Ministry confirmed that the deal placed on 7 October, carries a fixed interest rate of 6.75 percent. The earnings from the bond sale will be used to finance budget expenditures.
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