VILNIUS 's Lithuanian government officials have admitted that their timing for a new 650m euro bond issue is far from ideal, reports Baltic News Service.
Finance minister Rimantas Sadzius was in Paris Sep. 12-13 to participate in a roadshow designed to drum up support for the 10 year Eurobond issue and had earlier tried to lure German investors to sign up in Frankfurt.
"The market is still hesitant and investors are waiting for fresh news. So, we should wait for some time," said Audrius Zelionis, director of the State Treasury Department at the Lithuanian Finance Ministry, who accompanied Sadzius on his publicity drive.
"There are varying indications from the market, with some major banks expected to report next week how they are doing. Some expect the situation to change in a matter of days, while others say it will take several months," he said.
Zelionis and Finance Minister Rimantas Sadzius conducted a road show in Paris on Sept. 12-13 for investors interested in the government's planned 10-year Eurobond. Earlier this week, the officials held meetings with potential investors in Frankfurt.
