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Vilniaus Bankas issuing bills

Apr 01, 2004
Baltic News Service

VILNIUS - Vilniaus Bankas, Lithuania's largest bank by assets, began floating a 100 million litas (29 million euro) issue of one-year bills on March 26. The securities commission registered an issue of 1 million discounted bonds with a face value of 100 litas and annual yield of 2.5 percent. Vilniaus Bankas, which is owned by Scandinavia's SEB group, said it would use the funds for disbursing new credits and refinancing interbank loans. The placement of securities will last 40 days and end on Ma ...

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