"Inclusion on NewEuroMTS will foster liquidity in our bonds and will help reduce the liquidity premium to which investors are currently subject," said Lukas Tursa, Director of the Lithuanian State Treasury Department. "We expect investors will therefore participate with increased confidence, which will in turn lead to lower funding costs."
Through NewEuroMTS, the following market makers will support Lithuania bonds:
Banca Nazionale del Lavoro
BNP Paribas
Caboto
Citibank
CSFB
Deutsche Bank
Dresdner Kleinwort Wasserstein
Goldman Sachs
ING Bank
JP Morgan Chase
KBC
Morgan Stanley
Société Générale
UBS
Unicredito Banca Mobiliare
Bonds currently benefiting from the system’s tighter bid-offer spreads and depth of liquidity are: Republic of Hungary 4% 2010, 4.50% 2013 and 4.50% 2014; as well as the Republic of Poland’s 3.875% 2009, 5.50% 2011 and 4.50% 2013. To be eligible for listing, bonds must be issued by the May 2004 EU Accession States, issued or tapped no earlier than 2 years prior to listing date, with a minimum maturity of 15 months, investment-grade rated or of good credit qualityand a minimum outstanding size of €1 billion.
"We are extremely pleased in the continued growth NewEuroMTS, which is already encouraging larger, more liquid bonds from EU Accession States issuers," said Gianluca Garbi, CEO of EuroMTS. "By providing liquidity and efficiency to these issuers, a more transparent and cohesive European marketplace will continue to develop."
By any of the following rating agencies: Moody’s, Standard & Poor, Fitch Ratings
