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Latvian Government Treasury short term debt securities of EUR 3 mln sold in auction

BC, Riga, 11.07.2014.Print version
Latvian Government Treasury long short debt securities in the amount of EUR 3 million, were sold in an auction today, the State Treasury indicates, cites LETA.

The participants' claims amounted a total of EUR 9 million and exceeded the initial offer three times.

 

Yesterday, a competitive multi-price auction was held to sell all Latvian Government Treasury debt securities in the amount of EUR 12 million. The claims amounted a total of EUR 50 million and exceeded the initial offer 4.2 times.

 

The maximum admissible rate was 0.40%, but the weighted average percentage rate was 0.15%.

 

The nominal value of one security is EUR 1,000.

 

The maturity date for securities is on July 10, 2015.

 

Latvian Government debt securities auctions under the Treasury of the Republic of Latvia are organized by NASDAQ OMX Riga. Settlement is provided by the Latvian Central Depository. From 2005 by the end of 2013. the total volume of Latvian Government debt securities sold at NASDAQ OMX Riga auctions amounted to EUR 4.8 billion.






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