Financial Services, Latvia

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 11:38

Non-competitive bids auction in Latvia sells EUR 8 mln worth of 5-year government bonds

BC, Riga, 20.02.2019.Print version
A non-competitive bids fixed-price auction on Wednesday sold EUR 8 mln worth of the five-year government bonds, the Nasdaq Riga stock exchange reported.

Demand for the Latvian government securities at the auction on Wednesday was 6.3 times higher than the amount offered by the Treasury.


Four bidders at the auction demanded EUR 50.275 mln worth of the government securities, maturing on November 2, 2023. The fixed yield rate on the bonds was 0.453%.


At Wednesday’s auctions, the Treasury is selling an additional issue of five-year government bonds launched in October 31, 2018.


A competitive bids multi-price auction earlier on Wednesday sold the whole supply of government securities worth EUR 32 mln. Thus, the total amount of the five-year bonds sold today is EUR 40 mln.


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






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