LT: Lithuania buys out EUR 1.0bn euro obligations issue.

By bne IntelliNews March 6, 2013
FinMin announced that it has bought out EUR 1.0bn euro obligations issues, which was issued in 2003 and extended in 2004. The issue had annual coupon of 4.5%. In 2003, Lithuanian government issued EUR 400mn issue, while in 2004 it added another EUR 600mn to the issue. In January, the government issued EUR 400mn issue with maturity of 5 years in foreign financial markets, while in domestic market the government raised LTL 600mn (EUR 173.8mn) since the beginning of February. In 2013, Lithuania plans to borrow up to LTL 7.0bn, of which 25% in the domestic market.

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