TGS Baltic – together with Dentons – advised the Republic of Lithuania on borrowing in total EUR 1.2 bilion in international capital markets

10.11.2022 TGS Baltic – together with Dentons – advised the Republic of Lithuania on borrowing in total EUR 1.2 bilion in international capital markets

Together with the international law firm Dentons, we advised the Republic of Lithuania on two benchmark bond transactions:

  • The issuance of EUR 900 million 4.125% Notes due 2028,
  • EUR 300 million tap of existing EUR 670 million 2.125% Notes due 2032.

The proceeds of the Notes will be used for the refinancing of indebtedness and general funding purposes of the Republic of Lithuania.

Both trades were undertaken pursuant to the Republic of Lithuania's Euro Medium Term Note Programme. The Republic of Lithuania is rated A2 by Moody's, A+ by S&P and A by Fitch and the Notes are listed on the Luxembourg Stock Exchange.

The experts working on the deal included Partner Vidmantas Drizga, Associate Partner Dalia Augaitė, Senior Associate Karolina Lapinskaitė and Associate Kotryna Visockytė.