Vilnius, July 19, 2010 – NASDAQ OMX Vilnius, part of the NASDAQ OMX Group (NASDAQ: NDAQ) announces that it today starts holding primary auctions of Lithuanian government bonds denominated in euro. Until now the bond auctions have been held only in the Lithuanian national currency Litas.
”The primary auctions create competition among the auction participants that will facilitate state borrowing in the local market in the most efficient way,” said Arminta Saladziene, Chairman of the NASDAQ OMX Vilnius Management Board. “From now on, state borrowing will be possible not only in the local currency but also in euro, and we believe this new opportunity will be attractive to government bond investors.”
The government bonds auctions will be held on the NASDAQ OMX trading platform, whereas the clearing and settlement of the trades executed at auctions will be handled by the Central Securities Depository of Lithuania. The Ministry of Finance of the Republic of Lithuania is planning to issue euro-denominated government bonds once per month. All information on the government bond auctions in euro and their results will be published on the NASDAQ OMX Vilnius website and will be distributed via the news distribution service GlobeNewswire, thus also reaching international vendors such as Reuters, Bloomberg, etc. The schedules of the Lithuanian government bond auctions will be announced five days before the auction date. The auction rules can be found at the NASDAQ OMX Vilnius website www.nasdaqbaltic.com
Media Contacts:
Gintare Blazyte, Communication Manager
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