Rare Lithuania prices inside Italy and Greece
Lithuania showed other new EU member states just how to issue a benchmark bond yesterday (Thursday), by smoothly selling a Eu400m increase to its Eu600m 3.75% 2016 bond at 5bp over mid-swaps — the tightest spread achieved by a new EU member country.
The deal sliced through the yield, not only of Greece's 2016 bonds — but of Italy's 2015s.
While Poland and Hungary have been successful in getting their first international bonds of the year away, the ease with which Lithuania raised its outstanding bond to the Eu1bn mark this week
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