By Laura Contemori – ROME (Econostream) – Lithuania’s Finance Ministry on Monday allotted €70 million of a bond maturing on April 25, 2028.

Bids totaled €160.8 million, producing a bid-to-cover ratio of 2.297.

The bond was sold at a weighted average yield of 3.053%, with accepted yields spanning a range of 8.5bp. The highest accepted yield was 3.2bp above the weighted average yield.

The sale raised €71.985 million in cash. Settlement is scheduled for July 27.