LT: Lithuania borrows EUR 145mn in Swiss franks.

By bne IntelliNews September 20, 2012
Lithuanian state issued bonds in amount of LTL 500mn (EUR 145mn) in CHF, which is the first time in Lithuanian history to raise money in this currency. Maturity of the bond is 5 years, with annual coupon of 2%. Ingrida Simonyte, Minister of Finance, indicated that results of the issue shows investors trust and opens new financial markets for Lithuania. Underwriters of the deal were Credit Suisse and BNP Paribas banks. The proceeds will be used to buy out EUR 1.0bn emission, which matures in March of 2013.

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