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Friday, 26.04.2024, 00:41
Latvia issues EUR 350 million worth of eurobonds
BC, Riga, 02.06.2017.
Print version
Print versionLatvia yesterday successfully priced a dual-tranche Eurobond transaction in an aggregate amount of EUR 350 million, thus completing Latvia's financing requirement for 2017 in the international capital markets, LETA learned from the Treasury.
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Latvia reopened two of its Eurobonds - its 0.375 percent Eurobond maturing October 7, 2026, increasing the outstanding amount of these bonds by EUR 150 mln at a yield of 0.95%, and its 1.375% Eurobond maturing May 16, 2036, increasing the outstanding amount by EUR 200 mln at a yield of 1.703%.
Demand for both tranches exceeded issue size by 3.3 times, with more than 120 investors placing orders. Investors were mainly from Europe (Germany, France, Austria, United Kingdom/Ireland, Italy, Switzerland and other countries).
The Joint Lead Managers were Deutsche Bank, Goldman Sachs International and Societe Generale.
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