More Eurobonds for Lithuania

  • 2003-12-11
  • From wire reports
VILNIUS - The Lithuanian government announced that it planned to place 500 million - 600 million euros worth of Eurobonds on international markets in 2004. Daiva Kamarauskiene, director of the Finance Ministry's debt department, said that the ministry also planned to borrow over 2 billion litas (571 million euros) on the domestic bond market.

Domestic borrowing in 2003 has so far reached 1.67 billion litas, with the annual target set at 2 billion litas.
Lithuania placed 400 million euros in 10-year Eurobonds in February 2003. The money raised was to be used to buy earlier issued bonds and finance the budget deficit.
Before this placement, there were five issues quoted on international markets totaling some 1.4 billion euros.