Primary placement auction of Lithuanian Government securities


Vilnius, Lithuania, 2014-01-31 15:17 CET (GLOBE NEWSWIRE) -- The Government Securities (GS) auction of additional offers will be held on February 10, 2014. 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 LT0000605123
Volume of issue before auction of additional offers, LTL 255 000 000
Volume of issue Is set during auction
Currency of issue LTL
Nominal value, LTL 100
Maturity, in days. 1 210
Payment date 2014-02-13
Redemption date 2017-06-07
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) 4,7
Number of coupons per year 1
Coupon payment dates 2014-06-07;
2015-06-07;
2016-06-07;
2017-06-07.
A competitive orderbook LTGCB00017A
A non-competitive orderbook LTGNB00017A

 

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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