Economics, Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Monday, 16.07.2018, 13:23

Noncompetitive bids auction of Latvian government bonds raises EUR 5 mln

BC, Riga, 11.07.2018.Print version
A noncompetitive bids fixed-price auction in Latvia on Wednesday sold five-year government bonds for EUR 5 mln, the Nasdaq Riga stock exchange reported.

Demand for the government bonds at the auction was 5.1 times higher than the supply.


Three bidders demanded EUR 20.3 mln worth of the government bonds maturing on May 12, 2023. The fixed yield rate on the bonds was 0.478%.


As reported, a competitive bids multi-price auction earlier on Wednesday sold five-year government bonds for EUR 16 mln. The total amount raised at Wednesday's bond auctions was EUR 21 mln.


Today the Treasury was auctioning the additional issue of the five-year government bonds launched on January 10, 2018.


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 2017, the Latvian government has raised EUR 6.3 bln by selling securities at such auctions.

 






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