Lithuania hires banks for bond issue - sources

Wed Dec 11, 2013 7:23am EST

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LONDON, Dec 11 (IFR) - The Republic of Lithuania, rated Baa1/BBB/BBB+, has hired Barclays and BNP Paribas to lead the issuance of a new Eurobond, according to market sources.

The banks declined to comment, while a spokesman at the Lithuanian finance ministry did not return requests for comment.

It is not clear yet whether the new issue will be in euros or dollars.

The country's finance minister said in November Lithuania was planning two international bonds issues in 2014 to raise the equivalent of around EUR2bn.

Lithuania was last in the international capital markets in January, when it raised EUR400m through a reopening of its February 2018 note.

It was last in the dollar market in January 2012, when it raised USD1.5bn through a 10-year note. (Reporting by Davide Scigliuzzo; Editing by Sudip Roy)

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