Dentons and, reportedly, TGS Baltic have advised the Republic of Lithuania on updating its Euro Medium Term Note Program and successfully issuing EUR 1.5 billion in 3.5% notes due 2034. Freshfields Bruckhaus Deringer and Sorainen reportedly advised the underwriters.
According to Dentons, “the notes, which are rated A2 by Moody's, A+ by S&P, and A by Fitch, are listed on the Luxembourg Stock Exchange. The update of the program allows the Republic of Lithuania greater flexibility in accessing the international debt market, meaning it is able to respond quickly to advantageous market conditions.”
Back in 2023, Dentons had also advised the Republic of Lithuania on a EUR 1.25 billion bond issuance (as reported by CEE Legal Matters on June 20, 2023).
The Dentons team included London-based Partners Nick Hayday and Victoria Wyer and Trainee Tom Day.