Bankas SNORAS has distributed its debut Euro-denominated 3-year Eurobond issue.

Bankas SNORAS has distributed its debut Euro-denominated 3-year Eurobond issue. The value of issue is EUR 175 million (LTL 604.24 million), annual interest - 7 per cent. Issue is listed on London Stock Exchange. The second stage of Eurobond offering shall start on the 21st of May. 
Nominal value of one Eurobond is EUR 1 000 (LTL 3 450), minimum amount of investment is EUR 50 000 (LTL 172 640). Rating of Eurobonds issue will be set as of the issuer (Ba3/BB-/BB-).
Near 60 investors from different European countries took part in the first stage of Eurobonds offering, demand of investors exceeded EUR 270 million (over LTL 930 million).


Vladimir Streckij
Director of Finance Brokerage Department
(+370 5)232 72 12