Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Sunday, 22.09.2019, 05:15

Competitive bids auction of Latvian five-year government bonds raises EUR 16 mln

BC, Riga, 05.12.2018.Print version
A competitive bids multi-price auction today sold EUR 16 mln worth of five-year Latvian government bonds, the Nasdaq Riga stock exchange said.

Demand for the government securities at the auction was 4.6 times higher than the supply.

The average weighted yield rate on the government bonds maturing on November 2, 2023, was 0.574 % at the auction this Wednesday.

Four bidders at the auction demanded EUR 73.15 mln worth of these government securities, while the supply from the Treasury was EUR 16 mln.

A non-competitive bids fixed-rate auction of an unspecified amount of the government bonds is also due to take place later on Wednesday.

At Wednesday’s auctions, the Treasury is selling an additional issue of five-year government bonds launched in October 31, 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 billion by selling securities at such auctions.

At the end of September 2018, the total amount of domestic public debt securities in circulation was EUR 1.13 bn.

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