Lithuania not considering 'century bond' yet

The Lithuanian Foreign Ministry sees no need for issuing ultra-long debt yet, but might consider doing so if the country needed to raise money for a large, important project, the business daily Verslo Zinios reported on Thursday.

An increasing number of countries have recently issued 100-year debt, a maturity that would have been hardly imaginable in the past, to take advantage of the low interest rate environment.

These issuers include Austria, Belgium, Ireland, and even Mexico and Argentina.

Currently, the longest maturity of the Lithuanian government's debt is 30 years.

Lithuania sold its first-ever 30-year bond in international capital markets in 2017. In June 2019, it raised 1.5 billion euros through a dual-tranche 10 and 30-year bond issue.