Finance Minister Ingrida Šimonytė.

February 22, 2011 (BNS)

Lithuania is getting ready to sell a new USD denominated bond issue on international markets. Meetings with potential investors, some of which might be attended by Finance Minister Ingrida Simonyte, were scheduled for this and next week, the minister's aide, Giedre Balcytyte, confirmed. She also confirmed that the road show to promote the issue would be held in London, New York and Boston on February 25 - March 1. The Finance Ministry plans to borrow some LTL 6.1 bn in 2011 to finance the budget deficit and repay maturing debts. About LTL 4 bn will be borrowed on international markets and some additional LTL 2 bn on the domestic market.
Lithuania sold ten-year bonds for USD 2 bn under the annual interest of 7.625% in February 2010 and seven-year bonds for USD 750 mn under the interest of 5.125% early in September.