For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Lithuania borrowed in Swiss francs for the first time

September 20, 2012
Lithuania has successfully priced an offering of CHF 175 million 2.0 percent Notes due 2018. The transaction was lead-managed by Credit Suisse and BNP Paribas.

"It was new experience as Lithuania borrowed in Swiss francs for the first time. The results of the deal show the investors' confidence in our country and also opens new possibilities and alternative borrowing markets, " - Ingrida Šimonytė, Minister of Finance said.

The funds received from the issue will be used to redeem the EUR 1 billion Eurobond (issued in 2003 and re-opened in 2004) in March 2013.

For the same purpose Lithuania has also borrowed EUR 167 million in German financial market. The six-year (at annual interest rate of 3.40%) and ten-year (at annual interest rate of 4.03%) transactions took place earlier this month. The transactions were lead-managed by HSBC Trinkaus & Burkhardt AG.

By accumulating the reserve to redeem Eurobond in 2013 Lithuania has reduced the refinancing risk and next year's borrowing requirement.
  • Status
  • Country of risk
  • Redemption (put/call option)
    *** (***)
  • Amount
    175,000,000 CHF
  • М/S&P/F
    — / — / —
Company — Lithuania
  • Full name
    Republic of Lithuania
  • Registration country