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Lithuanian Government Saving Notes

Lithuanian Government Saving Notes

Fixed-rate investment

  • You can invest a small amount (EUR 100)
  • No acquisition or custody fees are applicable
  • Interest is not taxable
  • You can sell them early and receive a part of accrued interest

Saving notes issued by the Government of the Republic of Lithuania are debt securities dedicated to individuals and non-profit businesses. The Government of the Republic of Lithuania assumes responsibility to pay you the nominal value of the notes and accrued interest at the set redemption date.

Lithuanian Government saving notes are available for acquisition on the primary market on any business day. A new issue is usually offered for two calendar weeks.

Issue distributed from 2 October 2018 until 29 October 2018 (inclusive)

Issue of Government saving notes with maturity of two years in euro (PDF, 213 KB, in Lithuanian)

Issue distributed from 4 September 2018 until 1 October  2018 (inclusive)

Issue of Government saving notes with maturity of two years in euro (PDF, 220 KB, in Lithuanian)

Issue distributed from 10 July 2018 until 6 August 2018 (inclusive)

Issue of Government saving notes with maturity of two years in euro (PDF, 220 KB, in Lithuanian)

Previous issues of Lithuanian Government saving notes

List of previously distributed Lithuanian Government saving notes (in Lithuanian)

Fees

Upon acquisition or sale of saving notes, the following fees are not charged:

  • the saving note acquisition fee
  • the saving note custody fee
  • the fee for depositing cash (in euro only) intended for the acquisition of saving notes into the account
  • the fee for withdrawing cash received from saving notes from the account at a bank office not later than within 60 days after the date of redemption (including early redemption) or coupon payment

The fees charged:

  • the fee for withdrawing cash received from redeemed saving notes or a paid coupon at an ATM
  • the fee for withdrawing cash received from redeemed saving notes at any SEB branch office more than 60 days after the date of redemption of notes (including early redemption) or coupon payment
  • the fee for registering a transaction concluded over the counter at the bank
  • the fee for free-of-payment transfer of saving notes into account with another bank
  • the money transfer fees provided in the SEB Bank Price List of Services and Operations (PDF, 1 MB, in Lithuanian)
  • the monthly bank account management fee charged to customers who have not chosen any service plan or use the account that is not linked to a payment card

Total fees:

Securities services fees and commission charges (PDF, 150 KB)

 

For more information about Lithuanian Government saving notes, investment risk, terms and conditions, and fees of securities transactions, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.


We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is for your information only and cannot be understood as personal recommendation, order or invitation to purchase or sell saving notes and may not constitute any basis or part of any subsequent transaction. Return on investment in Lithuanian Government saving notes may fluctuate due to inflation, changes in the market interest rates and other circumstances beyond the control or actions of the issuer. Investment return is associated with risk, the value of investments may increase or decrease, thus former positive performance results are not indicative of future results. Before you decide to invest in Lithuanian Government saving notes, you should familiarise yourself with all related risk factors and independently or with the help of consultants assess whether the risks are acceptable to you

Further information on risk factors is available in the publication "Description of Risks Related to Financial Instruments" (PDF, 150 KB, in Lithuanian). For more information, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.

Please note that the services described here are not intended for investors within the jurisdiction other than that of SEB bank units providing these services and investment opportunities, authorisation to invest and investing in locations of certain jurisdictions, including the United States of America, Canada, Japan and Australia, may be unlawful. SEB bank may not advise on investment issues, promote investments, solicit or offer investments where any such may be unlawful. If you live or read information on this website at a location within the jurisdiction other than the one of the SEB bank unit which provides this information, you are responsible for compliance with the laws and other legal acts which may be applicable to you. If you need more information, please contact your SEB bank account manager or any SEB bank unit.

What is the benefit?

  • You can invest a small amount — from LTL100.
  • You have the opportunity to make short - to medium-term investments – from 1 to 3 years.
  • Where necessary, you can use the early redemption option, i.e. to sell savings notes before the set redemption date.
  • Upon acquisition of these saving notes, no acquisition or custody fees apply.
  • Interest on saving notes is not taxable (if total interest income on deposits placed after 1.1.2014 or on respective debt securities bought after 1.1.2014 does not exceed LTL 10,000 per calendar year).

Further information on the possibility to sell your saving notes early is available here.

How is interest paid out?

  • Fixed-rate interest (coupon) on saving notes is paid out periodically (usually once per year).
  • On the set redemption date or early redemption date, investors receive the nominal value of saving notes plus accrued interest.
  • Interest on saving notes,  the interval of interest (coupon) payments and other interest-related conditions are announced before each issue in the terms and conditions of a note issue.

Who is eligible to purchase?

Lithuanian Government saving notes are available for acquisition by individuals and certain legal entities, namely:

  • natural persons
  • sole proprietorships
  • partnerships
  • cooperative companies, including credit unions
  • public establishments
  • associations (alliances, confederations, unions and societies)
  • trade unions
  • charity and sponsorship funds
  • public organisations
  • religious communities
  • gardener societies
  • associations of multi-family apartment house owners
  • political parties
  • foster families

For more information about Lithuanian Government saving notes, investment risk, terms and conditions, and fees of securities transactions, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.


We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is for your information only and cannot be understood as personal recommendation, order or invitation to purchase or sell saving notes and may not constitute any basis or part of any subsequent transaction. Return on investment in Lithuanian Government saving notes may fluctuate due to inflation, changes in the market interest rates and other circumstances beyond the control or actions of the issuer. Investment return is associated with risk, the value of investments may increase or decrease, thus former positive performance results are not indicative of future results. Before you decide to invest in Lithuanian Government saving notes, you should familiarise yourself with all related risk factors and independently or with the help of consultants assess whether the risks are acceptable to you

Further information on risk factors is available in the publication "Description of Risks Related to Financial Instruments" (PDF, 150 KB, in Lithuanian). For more information, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.

Please note that the services described here are not intended for investors within the jurisdiction other than that of SEB bank units providing these services and investment opportunities, authorisation to invest and investing in locations of certain jurisdictions, including the United States of America, Canada, Japan and Australia, may be unlawful. SEB bank may not advise on investment issues, promote investments, solicit or offer investments where any such may be unlawful. If you live or read information on this website at a location within the jurisdiction other than the one of the SEB bank unit which provides this information, you are responsible for compliance with the laws and other legal acts which may be applicable to you. If you need more information, please contact your SEB bank account manager or any SEB bank unit.

 

Credit risk

Like other non-equity securities, Lithuanian Government saving notes pose credit risk, i.e. the risk that the Government of the Republic of Lithuania, having issued saving notes, may default on its obligations — to settle with investors by the defined deadlines and under the established conditions.

Reinvestment risk

As market interest rates decline, it may not be possible to reinvest the interest (coupon) earned periodically from saving notes in financial instruments that give at least the same rate of return as the invested funds. As a result, there is a risk that these securities will generate a lower return on investment.

Liquidity risk

Investors who want to sell saving notes on the secondary market may incur liquidity risk, i.e. the risk that it may not be possible to sell the saving notes at any other dates than the early redemption dates specified in the descriptions of the terms and conditions of a note issue.

Description of Risks Related to Financial Instruments (PDF, 150 KB, in Lithuanian)

 

For more information about Lithuanian Government saving notes, investment risk, terms and conditions, and fees of securities transactions, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.


We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is for your information only and cannot be understood as personal recommendation, order or invitation to purchase or sell saving notes and may not constitute any basis or part of any subsequent transaction. Return on investment in Lithuanian Government saving notes may fluctuate due to inflation, changes in the market interest rates and other circumstances beyond the control or actions of the issuer. Investment return is associated with risk, the value of investments may increase or decrease, thus former positive performance results are not indicative of future results. Before you decide to invest in Lithuanian Government saving notes, you should familiarise yourself with all related risk factors and independently or with the help of consultants assess whether the risks are acceptable to you

Further information on risk factors is available in the publication "Description of Risks Related to Financial Instruments" (PDF, 150 KB, in Lithuanian). For more information, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.

Please note that the services described here are not intended for investors within the jurisdiction other than that of SEB bank units providing these services and investment opportunities, authorisation to invest and investing in locations of certain jurisdictions, including the United States of America, Canada, Japan and Australia, may be unlawful. SEB bank may not advise on investment issues, promote investments, solicit or offer investments where any such may be unlawful. If you live or read information on this website at a location within the jurisdiction other than the one of the SEB bank unit which provides this information, you are responsible for compliance with the laws and other legal acts which may be applicable to you. If you need more information, please contact your SEB bank account manager or any SEB bank unit.

For more information about Lithuanian Government saving notes, investment risk, terms and conditions, and fees of securities transactions, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.



We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is for your information only and cannot be understood as personal recommendation, order or invitation to purchase or sell saving notes and may not constitute any basis or part of any subsequent transaction. Return on investment in Lithuanian Government saving notes may fluctuate due to inflation, changes in the market interest rates and other circumstances beyond the control or actions of the issuer. Investment return is associated with risk, the value of investments may increase or decrease, thus former positive performance results are not indicative of future results. Before you decide to invest in Lithuanian Government saving notes, you should familiarise yourself with all related risk factors and independently or with the help of consultants assess whether the risks are acceptable to you

Further information on risk factors is available in the publication "Description of Risks Related to Financial Instruments" (PDF, 150 KB, in Lithuanian). For more information, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.

Please note that the services described here are not intended for investors within the jurisdiction other than that of SEB bank units providing these services and investment opportunities, authorisation to invest and investing in locations of certain jurisdictions, including the United States of America, Canada, Japan and Australia, may be unlawful. SEB bank may not advise on investment issues, promote investments, solicit or offer investments where any such may be unlawful. If you live or read information on this website at a location within the jurisdiction other than the one of the SEB bank unit which provides this information, you are responsible for compliance with the laws and other legal acts which may be applicable to you. If you need more information, please contact your SEB bank account manager or any SEB bank unit.

If you want to purchase saving notes during the distribution period or sell them early

You can purchase Lithuanian Government saving notes during their initial distribution period or submit an application for early redemption of saving notes as follows:

Information on the fees applicable upon sale or purchase of saving notes is available here. For more information, please call our 24/7 line +370 5 268 2800 or visit a SEB bank unit of your choice.

What are the features of early redemption and secondary trading of saving notes?

You can sell your saving notes early on the dates and at the prices established by the Ministry of Finance of the Republic of Lithuania – precise dates and redemption prices are specified in the descriptions of the terms and conditions of saving note issues, which are always published before the distribution of saving notes on the websites of the Ministry of Finance and SEB Bankas.

You can submit an application for early redemption of saving notes no later than

  • 9 business days before the early redemption date, if saving notes were issued before 13 November 2012.
  • 25 business days before the early redemption date, if saving notes were issued after 13 November 2012.

Secondary trading in saving notes is not public. However, you can sell or otherwise transfer your saving notes to another investor or purchase them from another investor by concluding sale-purchase, swap or donation contract off-exchange. You can do this by visiting a SEB bank unit of your choice.

For more information about Lithuanian Government saving notes, investment risk, terms and conditions, and fees of securities transactions, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.


We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.

This content is for your information only and cannot be understood as personal recommendation, order or invitation to purchase or sell saving notes and may not constitute any basis or part of any subsequent transaction. Return on investment in Lithuanian Government saving notes may fluctuate due to inflation, changes in the market interest rates and other circumstances beyond the control or actions of the issuer. Investment return is associated with risk, the value of investments may increase or decrease, thus former positive performance results are not indicative of future results. Before you decide to invest in Lithuanian Government saving notes, you should familiarise yourself with all related risk factors and independently or with the help of consultants assess whether the risks are acceptable to you

Further information on risk factors is available in the publication "Description of Risks Related to Financial Instruments" (PDF, 150 KB, in Lithuanian). For more information, please call our 24/7 line +370 5 268 2800 or visit a SEB branch office of your choice.

Please note that the services described here are not intended for investors within the jurisdiction other than that of SEB bank units providing these services and investment opportunities, authorisation to invest and investing in locations of certain jurisdictions, including the United States of America, Canada, Japan and Australia, may be unlawful. SEB bank may not advise on investment issues, promote investments, solicit or offer investments where any such may be unlawful. If you live or read information on this website at a location within the jurisdiction other than the one of the SEB bank unit which provides this information, you are responsible for compliance with the laws and other legal acts which may be applicable to you. If you need more information, please contact your SEB bank account manager or any SEB bank unit.

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