Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 13:55
Competitive bids auction of Latvian five-year government bonds raises EUR 16 mln
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| nasdaqbaltic.com |
Demand for the government securities at the auction was 3.6 times higher
than the supply.
The average weighted yield rate on the government bonds maturing on May
12, 2023, was 0.478 % at the auction this Wednesday (0.488% at the previous
auction on June 20, 2018). Four bidders at the auction demanded EUR 57.1 mln
worth of these government securities, while the supply from the Treasury was
EUR 16 mln.
Today the Latvian Treasury is 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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