IFLR1000

Republic of Lithuania €1.5 billion dual tranche Eurobond issue

22/10/2015
High-yield bond/note issue
Select tab

€ 1.5 billion

$ 1.609 billion

Completed

22/10/2015

Overview:

  • The Ministry of Finance of the Republic of Lithuania completed its first ever dual tranche Eurobond issue.
  • The first tranche was a €750 million 1.25% bond due 2025, the lowest coupon rate in the country's history. The second saw the further issue of a €750 million 2.125% bond due 2035.
  • Barclays Bank, BNP Paribas and HSBC Bank served as lead managers for the issue.
  • Proceeds from the notes were used to redeem a €1 billion Eurobond due February 2016, as well as for general budgetary purposes.

Jon Moore - Journalist

Jurisdiction:

Lithuania

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

England and Wales

Industry sector:

Government and public policy

Firms:
Clifford Chance

Party: Ministry of Finance of the Republic of Lithuania (Issuer)

Ellex Valiunas

Party: Barclays Bank (Lead manager)

Party: BNP Paribas (Lead manager)

Party: HSBC Bank plc (Lead manager)

Freshfields Bruckhaus Deringer

Party: Barclays Bank (Lead manager)

Party: BNP Paribas (Lead manager)

Party: HSBC Bank plc (Lead manager)

Lawyer: Peter Allen

Sorainen

Party: Ministry of Finance of the Republic of Lithuania (Issuer)

Lawyer: Tomas Kontautas

Related deals