Primary placement auction of Lithuanian Government securities

January 18, 2013 03:47 | Source: NASDAQ OMX Vilnius

multilang-release

Vilnius, Lithuania, 2013-01-18 09:47 CET (GLOBE NEWSWIRE) -- The Government Securities (GS) auction will be held on January 28, 2013.

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	LT0000603250
Volume of issue	is set during auction
Currency of issue	LTL
Nominal value, LTL	100
Maturity, in days.	1 095
Payment date	2013-01-31
Redemption date	2016-01-31
The maximum volume of non-competitive bids, which may be submitted by one auction participant, LTL	2 000 000
The cut-off yield, %	is not announced
Coupon rate (annual interest rate)	is set during auction
Number of coupons per year	1
Coupon payment dates	2014-01-31; 2015-01-31; 2016-01-31.
A competitive orderbook	LTGCB00016C
A non-competitive orderbook	LTGNB00016C

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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