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Lithuania: Cashing in Eurobonds to Decrease Public Debt
Politics ♦
Published: March 7, 2013; 09:31 ♦ (Vindobona)
The finance ministry of Lithuania declared to having redeemed the second large Eurobond issue today and reduced its public debt by € 1 bn.
Lithuania: Cashing in Eurobonds to Decrease Public Debt / Picture: © Vindobona.org
The EUR 400 million Eurobond was issued in March 2003 and re-opened with EUR 600 million issue the year later. In the light of mitigation of re-financing risk and borrowing requirement in 2013, Lithuania accrued part of funds for redemption of this Eurobond issue at the end of 2012 and borrowed the rest of the amount in February of this year.
The first Eurobond issue in the…
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