Early redemption auction and primary placement auction of Lithuanian Government securities


Vilnius, Lithuania, 2015-01-30 10:43 CET (GLOBE NEWSWIRE) -- The Government Securities early redemption auction and auction of additional offers will be held on February 10, 2015.

The parameters of the emissions shall be the following:
Early redemption auction:

Type of security Lithuanian Government Bond
ISIN code LT0000603268
Volume of issue before early redemption 131 777 108,47 EUR
Volume of issue after early redemption is set during auction
Currency of issue EUR
Nominal value, EUR 0,01
Payment date/early redemption date 2015-02-11
A competitive orderbook LTGCB17015C

 

Auction of additional offers:

Type of security Lithuanian Government Bond
ISIN code LT0000607087
The issue is valid from October 03, 2013
Volume of issue on the day of the decision 88 334 105,63 EUR
Volume of issue after addition Is set during auction
Currency of issue EUR
Nominal value, EUR 0,01
Maturity in days 2 061
Payment date 2015-02-11
Redemption date 2020-10-03
The maximum volume of non-competitive bids, which may be submitted  by one auction participant, EUR Not applied
Coupon rate (annual interest rate) 3,4
Number of coupons per year 1
Coupon payment dates 2015-10-03;
2016-10-03;
2017-10-03;
2018-10-03;
2019-10-03;
2020-10-03.
A non-competitive orderbook LTGNB34020A

 

The yield of the distributed securities issue is going to be published by the Ministry of Finance on its website and via the NASDAQ OMX Vilnius information system on 09 February, 2015 after the execution of the securities auction.

Only competitive bids are admitted at an early redemption auction, whereas securities issuing auction accept only non-competitive bids. Submission of  a competitive bid at an early redemption auction is optional, however, the auction participant making a competitive bid at an early redemption auction is obliged to submit a non-competitive bid at a primary placement auction for the same number of securities units and vice versa. The bids that do not comply with this requirement will be rejected. Screening will be done according to the client code entered in the orders. The orders eligible for execution at an early redemption auction and primary placement auction will be determined according to the yields of the bids submitted to the early redemption auction.

The cut-off yield for competitive bids will not be published.

The distributed securities are not included in the number of securities sold at auctions during the quarter, whereas, the securities purchased at a primary placement auction by an auction participant are included in the number of securities acquired by him during the quarter.

Records of securities are held at the public company Lietuvos centrinis vertybiniu popieriu depozitoriumas. Securities are listed on NASDAQ OMX Vilnius.

 

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