Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Thursday, 18.04.2024, 23:29
Competitive bids auction of Latvian five-year government bonds raises EUR 16 mln
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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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