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Wednesday, 24.04.2024, 12:27
Latvian Treasury raises EUR 20 mln through auction of long-term government bonds
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A competitive bids multi-price auction on Wednesday sold the whole supply of government bonds worth EUR 16 million. Demand for the Latvian government securities at the auction was 4.2 times higher than the amount offered at the auction by the Treasury or EUR 67.275 million. The average weighted yield rate on the government bonds maturing on January 27, 2022, was 0.395%.
A non-competitive bids fixed-price auction on Wednesday sold EUR 4 million worth of government securities. Demand for the Latvian government securities at the auction on Wednesday was 10.2 times higher than the amount offered by the Treasury.
The auctions of the Latvian government securities are held by the Nasdaq Riga stock exchange, while clearing is performed by the Latvian Central Depository of Securities. From 2005 to the end of 2015, the Latvian government has raised EUR 5.6 billion by selling securities at such auctions.
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