Lithuania to tap EUR-denominated 2018 Eurobond

Mon Jan 28, 2013 4:02am EST

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LONDON, Jan 28 (IFR) - The Republic of Lithuania, rated Baa1/BBB/BBB, plans to tap its euro-denominated 4.85% Eurobond due February 2018 to raise up to EUR400m, according to market sources.

Initial price thoughts for the issue are in the area of 140bp over mid-swaps.

Barclays and Citigroup are the lead managers on the transaction, which is expected to price today. The size of the outstanding bond is EUR1bn. (Reporting by Davide Scigliuzzo; Editing by Sudip Roy)