The bonds will pay 2.631 percent annual interest. The issue price was equal to 110.27 percent of their par value, the Finance Ministry said in a press release.
This is a tap issue of Lithuania's 600-million-euro Eurobond placed in October 2007 and maturing on FebRUARY 7, 2018. The bond pays 4.85 percent annual interest.
According to the ministry, the new bonds would be paid up on FebRUARY 7, 2013. The proceeds will be used for the funding of budget deficit, including the repayment of maturing debts.
Early in March, the government will have to redeem a 1-billion-euro issue of Eurobonds, which was launched in 2003 and reopened in 2004.
The government hired Barclay's and Citigroup to handle the new offering.
Lithuania last tapped international financial markets last October when it raised 175 million Swiss francs through its first-ever Swiss franc-denominated bond issue. The 5.5-year bond pays 2 percent annual interest.
