Defence bonds issued for EUR 12.4 million during the fifteenth issue

Individuals, businesses and other organisations purchased defence bonds for EUR 12.4 million during thefifteenth issue placement, where 778 transactions were concluded. Following the launch of the distribution of defence bonds this year, buyers purchased these bonds for a total of almost EUR 216.7 million through fifteen issues.

The fifteenth issue of the defence bonds was distributed on 1-15 December 2025 and will be redeemed on 16 December 2026. This issue will be subject to a 2 % annual interest rate.

During that period, Swedbank concluded 554 contracts for the purchase of the defence bonds for EUR 7 million, SEB - 222 contracts for EUR 5.4 million, Orion Securities - 2 contracts for EUR 400.

The defence bonds are targeted Government savings notes (GSN) to finance defence needs. The peculiarity of the defence bonds is that the State borrows from individuals and businesses cheaper than in the markets, and the latter thus contribute to the financing of the national defence.

The preliminary schedule for the issue of the defence bonds foresees that the the sixteenth issue will be placed on 5-19 January 2026 and redeemed on 20 January 2027. The schedule is updated on a monthly basis and published on the website of the Ministry of Finance.

The defence bonds will be offered through the distributors selected by the Ministry of Finance, i.e. Swedbank, SEB and Orion Securities. Individuals and legal persons will be able to purchase the defence bonds at Swedbank, SEB online bank, Orion Securities online platform, as well as at SEB bank branches. More information on the acquisition of the defence bonds can be found at https://www.gynybosfondas.lt and on the website of the Ministry of Finance.

The interest rate for the defence bonds for each issue shall be set taking into account the average interest rate for borrowing by the Government on behalf of the State of an appropriate maturity, but in any case, it may not exceed 2 %, as decided by the Seimas on 20 June 2024. The interest rate will be set and published together with other terms and conditions of the issue placement of the defence bonds on the website of the Ministry of Finance at least one working day before the commencement of the placement of the defence bonds.

When the time comes to redeem the defence bonds, nothing will have to be done - the money for the redeemed defence bonds and the interest due will be automatically transferred to the same account from which the payment for the purchased defence bonds was made.

More information on the defence bonds can be found in the special column "Frequently asked questions" here.

About the Defence Fund:

Please note that the Defence Fund entered into operation on 1 October with the aim of increasing the national defence funding, foreseeing additional sustainable sources of financing.

The resources of the Defence Fund will be dedicated for acquisition of weapons, equipment and ammunition necessary for the development of a division-level military unit capacity, infrastructure necessary for the German brigade in Lithuania, acquisition and development of counter-mobility measures, military mobility and double-purpose (civil and military needs) transport infrastructure projects, strengthening and development of the civil protection foreseen in the Law on Crisis Management and Civil Protection.