Lithuania Borrows €1 Billion On The International Financial Market
Date
6/29/2024 10:51:37 PM
(MENAFN- AzerNews)
By Alimat Aliyeva
Lithuania has borrowed €1 billion by issuing Eurobonds and
distributing them on the international financial market. This was
announced by the Ministry of Finance of the Baltic Republic,
Azernews reports.
"Foreign investors have a positive assessment of our country,
its economic and Political situation. This allowed us to borrow a
significant amount of €1 billion," Deputy Finance Minister Darius
Sadiackas said in a statement.
The demand for bonds, according to the agency, was three times
higher than the supply. They have been purchased in more than 20
countries. The issued issue is designed for seven years. Eurobonds
will be paid 3.5% per annum.
Those who subscribe to purchase them must pay by July 3. The
securities repurchase is scheduled for July 3, 2031.
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