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Lithuania issues 500 million euro bond

Jun 18, 2009

VILNIUS - Lithuania has raised 500 million euros in a Eurobond issue that matures in 2014 in an effort to help plug the budget deficit, which the Cabinet expects to be around 5 percent of Gross Domestic Product (GDP) at the end of the year. "The successful launch of our securities shows investors' confidence in Lithuania ... following recent gloomy forecasts for the Baltic region and prevailing negative news in the market," Lithuanian Finance Minister Algirdas Semeta said. The ministry said ...

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