International Internet Magazine. Baltic States news & analytics
Monday, 27.02.2017, 07:00
Latvia raises EUR 650 mln in international markets
The 30-year Eurobonds represent the longest tenor issued by Latvia. The 30-year tranche priced at a coupon of 2.250% (yield 2.330%), in a new benchmark issue size of EUR 500 mln.
Simultaneously, Latvia tapped its 0.375% Eurobonds maturing October 7, 2026, increasing the outstanding amount of these bonds by EUR 150 million at a yield of 1.062%.
Demand for Latvia’s 30-year bonds was 1.6 times higher than the supply, while demand for the additional 10-year bond issue exceeded the supply 2.8 times.
Each bond issue drew around 50 investors from various countries, mostly Europe (Germany, Austria, Great Britain and other countries).
The bond issues were arranged by Deutsche Bank, Goldman Sachs and Societe Generale.