Economics, Financial Services, Latvia
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Saturday, 20.04.2024, 13:13
Noncompetitive bids auction of Latvian government bonds raises EUR 5 mln
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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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