Early redemption auction and primary placement auction of

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News Desk 2018
Early redemption auction and primary placement auction of Lithuanian Government securities

Vilnius, Lithuania, 2014-08-01 15:43 CEST (GLOBE NEWSWIRE) -- The Government Securities  early redemption auction and auction of additional offers will be held on August 12, 2014.

The parameters of the emissions shall be the following:

Early redemption auction:

Type of security Lithuanian Government Bond
ISIN code LT0000603243
Volume of issue before early redemption 430 m LTL
Volume of issue after early redemption is set during auction
Currency of issue LTL
Nominal value 100 LTL
Payment date/early redemption date 2014-08-14
A competitive orderbook LTGCB43015B

Auction of additional offers:

Type of security Lithuanian Government Bond
ISIN code LT0000607061
The issue is valid from November 2, 2012
Volume of issue on the day of the decision 240 m LTL
Volume of issue after addition Is set during auction
Currency of issue LTL
Nominal value 100 LTL
Maturity in days 1 898
Payment date 2014-08-14
Redemption date 2019-10-25
The maximum volume of non-competitive bids, which may be submitted  by one auction participant, LTL Not applied
Coupon rate (annual interest rate) 3,7
Number of coupons per year 1
Coupon payment dates 2014-10-25;
2015-10-25;
2016-10-25;
2017-10-25;
2018-10-25;
2019-10-25.
A non-competitive orderbook LTGNB37019A

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 11 August, 2014 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.

NASDAQ OMX
Baltic Market
Issuer Services
+370 272 1705
www.nasdaqomxbaltic.com

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