Primary placement auction of Lithuanian Government

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News Desk 2018
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Primary placement auction of Lithuanian Government securities

Vilnius, Lithuania, 2017-03-10 12:01 CET (GLOBE NEWSWIRE) -- The Government Securities auction of additional offers will be held on March  20, 2017.  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
ISIN code LT1000610014
Volume of issue before auction of additional offers 257,5 m EUR
Volume of issue Is set during auction
Currency of issue EUR
Nominal value, EUR 100
Maturity, in days 2 786
Payment date 2017-03-22
Redemption date 2024-11-06
The maximum volume of non-competitive bids, which may be submitted  by one auction participant, EUR 500 000
The cut-off yield, % is not announced
Coupon rate (annual interest rate) 2,1
Number of coupons per year 1
Coupon payment dates 2017-11-06; 2018-11-06; 2019-11-06; 2020-11-06; 2021-11-06; 2022-11-06; 2023-11-06; 2024-11-06.
A competitive orderbook LTGCB21024A
A non-competitive orderbook LTGNB21024A

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 Vilnius AB.

Nasdaq Baltic Transaction Services +370 5 253 14 54 www.nasdaqbaltic.com

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