Lithuania draws plaudits for tightly priced 10 year euros

By Francesca Young
16 Jan 2014

Bankers across the market hailed Lithuania’s return in euros on Wednesday as a signal success after the sovereign achieved more than eight times oversubscription for a tightly priced €500m 10 year.

“The timing was right, the tenor was right and the price was right,” said one syndicate official away from the deal. “It was a perfect transaction.”

Nick Darrant, head of CEEMEA syndicate at BNP Paribas in London, agreed. “Lithuania has been a more frequent visitor to the ...

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