Primary placement auction of Lithuanian Government securities

October 12, 2012 07:44 | Source: NASDAQ OMX Vilnius

multilang-release

Vilnius, Lithuania, 2012-10-12 13:44 CEST (GLOBE NEWSWIRE) -- The Government Securities (GS) auction of additional offers will be held on October 22, 2012.

Auction participants can submit competitive and non-competitive bids. The competitive bids shall be submitted in the order books of the VSE New Issue Yield market, whereas the non-competitive bids shall be placed in the order books of the VSE New Issue Yield Non market. The parameters of the emission to be issued shall be the following:

Type of security	Lithuanian Government Bond
GS ISIN code	LT0000603243
Volume of issue before auction of additional offers, LTL	250 000 000
Volume of issue	Is set during auction
Currency of issue	LTL
Nominal value, LTL	100
Maturity, in days.	855
Payment date	2012-10-25
Redemption date	2015-02-27
The maximum volume of non-competitive bids, which may be submitted by one auction participant, LTL	3 000 000
The cut-off yield, %	is not announced
Coupon rate (annual interest rate)	4.3
Number of coupons per year	1
Coupon payment dates	2013-02-27; 2014-02-27; 2015-02-27;
A competitive orderbook	LTGCB43015B
A non-competitive orderbook	LTGNB43015B

The securities shall be redeemed by paying to their holders the total amount of par value. The paid up securities shall be admitted to the regulated market – to the Debt securities list of the NASDAQ OMX Vilnius AB.

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