Lithuania: bonds

In terms of size, the Lithuanian debt market exceeded that of both its Baltic neighbours. Government securities dominate the market. Secondary market activity is mainly based on trading government bonds.
The Lithuanian government borrows in the domestic market through issuance of bonds (government securities with maturity of over one year) with maturity of 3, 5, 7 and 10 years, and Treasury bills (government securities with maturity of under one year) with maturity of 1, 3, 6, 9 and 12 months. Domestic government securities comprise about 30 per cent of the debt on behalf of the state. Until the end of 2008, government securities were issued in the domestic market only through auctions. Until February 2009, in the domestic market of Lithuania government securities auctions were organized by the Bank of Lithuania, later on – AB NASDAQ OMX Vilnius.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
EUR 88 7 521 123 326
USD 4 5 750 000 000
CHF 1 175 000 000
corporate
EUR 2 5 376 406
USD 1 300 000

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Lithuania, 0% 29mar2020, EUR (63004) - Domestic bonds LT0000630048 0% 45 000 000  EUR 03/27/2017 03/29/2020
Lithuania, 0.1% 20feb2021, EUR (840084) - Domestic bonds LT0000840084 0.1% 1 877 900  EUR 01/24/2017 02/20/2021
Lithuania, 0.1% 27jan2021, EUR (840076) - Domestic bonds LT0000840076 0.1% 5 318 700  EUR 12/27/2016 01/27/2021
Lithuania, 0.1% 28dec2020, EUR (840068) - Domestic bonds LT0000840068 0.1% 6 714 800  EUR 11/29/2016 12/28/2020
Lithuania, 0.1% 30nov2021, EUR (850018) - Domestic bonds LT0000850018 0.1% 6 477 700  EUR 11/02/2016 11/30/2021
Lithuania, 0.1% 2nov2020, EUR (840050) - Domestic bonds LT0000840050 0.1% 10 862 300  EUR 10/04/2016 11/02/2020
Lithuania, 0.1% 04oct2020, EUR (840043) - Domestic bonds LT0000840043 0.1% 7 369 200  EUR 10/03/2016 10/04/2020
Lithuania, 2.125% 22oct2035, EUR - International bonds XS1310032260 2.125% 1 200 000 000  EUR 09/15/2016 10/22/2035
Lithuania, 0.1% 06sep2020, EUR (840035) - Domestic bonds LT0000840035 0.1% 7 609 800  EUR 09/05/2016 09/06/2020
Lithuania, 0.2% 09aug2020, EUR (840027) - Domestic bonds LT0000840027 0.2% 11 588 600  EUR 08/08/2016 08/09/2020

World Bond Market Indicators

Monthly indices

Type Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016
EU Long-term interest rates
Lithuania, % 0.31 0.31 0.31 0.31 0.31 0.31 0.79
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World Bond market statistics

Monthly indices

Type Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016
Domestic government bond market (Eastern Europe)
Lithuanian govt Bonds outst., EUR bln (without Bills) 4.456 4.414 4.855 4.830 4.820 4.792 5.197
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Quarterly indices

Type IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015
BIS volume of international-bond market of emerging countries
Lithuanian international bonds, USD bln 11.100 11.400 10.900 11.000 11.900 10.500 10.500
BIS net issues of international-bond market of emerging countries
International-bond net issue of Lithuania, USD bln   0.500   -1.100 1.500 0.000 0.000

Emerging Markets International Bonds

Monthly indices

Type Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016
Eastern Europe International Bonds Markets
International bonds of Lithuania, USD bln 11.284 11.461 11.688 11.541 11.576 11.785 11.420
Sovereign international bonds of Lithuania, USD bln 11.284 11.249 11.354 11.215 11.248 11.445 11.071
Corporate international bonds of Lithuania, USD bln 0.000 0.212 0.335 0.327 0.329 0.340 0.348
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Credit Risk Indicators

Daily indices

Type: 01/06/2016 01/05/2016 01/04/2016 12/31/2015 12/30/2015 12/29/2015 12/28/2015
CDS Emerging markets (sov.) 
CDS 5Y Lithuania mid * * * * * * *
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Macroeconomic Indicators (World economy)

Monthly indices

Type Mar 2017 Feb 2017 Jan 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Lithuania) 3.00 3.00 2.30
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Yearly indices

Type 2015 2014
Government Debt to GDP (World), %
Government Debt to GDP(Lithuania) 42.70 40.70

Stock market (World)

Daily indices

Type: 04/20/2017 04/19/2017 04/18/2017 04/13/2017 04/12/2017 04/11/2017 04/10/2017
Stock market (Eastern Europe)
OMX Vilnius (Lithuania)  575.47 575.52 574.18 569.21 565.13 563.81 565.01
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JP Morgan

Daily indices

Type: 10/30/2013 10/29/2013 10/28/2013 10/25/2013 10/24/2013 10/23/2013 10/22/2013
EMBI Global (publication was suspended since 30.10.2013) 
EMBI Global Lithuania * * * * * * *
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Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Lithuania, 1.25% 22oct2025, EUR   EUR 10/22/2025 05/18/2016 ***.** *.* 05/18/2016 ***.** *.**
Lithuania, 2.0% 11apr2018, CHF   CHF 04/11/2018 05/18/2016 ***.** -*.** 05/18/2016 ***.** -*.**
Lithuania, 2.125% 22oct2035, EUR   EUR 10/22/2035 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.*
Lithuania, 2.125% 29oct2026, EUR   EUR 10/29/2026 05/18/2016 ***.*** *.** 05/18/2016 ***.* *.**
Lithuania, 3.38% 22jan2024, EUR   EUR 01/22/2024 05/18/2016 ***.*** *.** 05/18/2016 ***.* *.**
Lithuania, 4.850% 7feb2018, EUR   EUR 02/07/2018 05/18/2016 ***.*** -*.** 05/18/2016 ***.*** -*.**
Lithuania, 5.125% 14sep2017, USD   USD 09/14/2017 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
Lithuania, 6.125% 9mar2021, USD   USD 03/09/2021 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
Lithuania, 6.625% 1feb2022, USD   USD 02/01/2022 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.**
Lithuania, 7.375% 11feb2020, USD   USD 02/11/2020 05/18/2016 ***.** *.** 05/18/2016 ***.* *.**
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