The distribution of a new issue of Government savings bonds has started

The distribution of a new issue of Government savings bonds has started
The distribution of a new issue of Government savings bonds has started
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Started today distribute a new one-year term Government Savings Bonds (VTL) issue for which 3.1 percent will be paid. annual interest. The issue of savings bonds is distributed on May 6-20, and is redeemed in 2025. May 21

Anyone interested in purchasing a VTL, this can be done through distributors selected by the Ministry of Finance, Swedbank or SEB, in their online bank. SEB makes it possible to purchase VTL at bank branches (more information here and here).

When the time comes to redeem VTLthe investor will not have to do anything – the money for the redeemed VTL and the interest due to him will be automatically transferred to the same account from which the payment for the purchased VTL was made.

VTL are government securities that can be purchased natural persons only. It is a safe and return-generating investment, similar to fixed deposits in a bank, only in this case residents would entrust their savings to the Government. For its part, VTL is an opportunity for the Government to form another means of borrowing – to borrow directly from the population and thus attract savings not invested elsewhere.

VTL interest rates are determined separately for each issue, taking into account the average interest rate of the Government’s borrowing on behalf of the state for the relevant period, they are determined no later than one working day before the start of the distribution of savings bonds and are published together with other VTL issue distribution conditions on the website of the Ministry of Finance.

Preliminary timetable for the release of VTL updated monthly and also published on the website of the Ministry of Finance.

You can find more information about VTL in the special section “Frequently asked questions”.

After the renewal of VTL distribution last year, residents purchased VTL for 197.9 million during nine issues. euros.

“BNS Press Center” publishes press releases of various organizations. The persons who published them and the organizations they represent are responsible for the content of the messages.


The article is in Lithuanian

Tags: distribution issue Government savings bonds started

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