Government bonds previously issued on international markets in the amount of 10 million euros were sold in a competitive auction on Wednesday, according to the exchanges. “Nasdaq Riga“information provided.
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In the auction, the demand for bonds of the participants exceeded by 3.3 times treasure the amount offered.
The auction weighted average rate for bonds, maturing on September 23, 2025, was 3.017% (in the previous auction on September 28 this year – 2.956%) and the five auction participants requested a total of 32 , 7 million euros, while the State Treasury has offered the purchase for an amount of 10 million euros.
The issue date of the relevant bonds is October 19th of this year.
On Wednesday, the Treasury offered to purchase the additional issue of international Eurobonds issued in September 2015 under the Global Medium-Term Securities Program (GMTN). The fixed interest rate (coupon) of the bonds is 1.375%.
The newly issued bonds will be combined and will form a single series with the related bonds issued so far for an amount of 1.1 billion euros.
In September 2015, the State Treasury issued the related international Eurobonds maturing on 23 September 2025 for a total amount of 500 million euros. The aforementioned bond issue was carried out on the Luxembourg Stock Exchange.
On the other hand, in the six competitive auctions of government debt securities in 2021 and in the five auctions this year, these securities were sold for a total amount of € 600 million.
Among these, in the auctions held in mid-January, early February, April and late May last year, the aforementioned bonds were sold for 25 million euros, while in the auction in the first half of November the bonds were sold for an amount of 50 million euros and at the beginning of December for an amount of 80 million euros.
On the other hand, in the auction at the beginning of March of this year, the aforementioned bonds were sold for an amount of 100 million euros, in the auction in the second half of March – for an amount of 125 million euros, in the auction in mid-April – for an amount of € 100 million, at auction at the beginning of June – for an amount of € 35 million and at auction at the end of September – € 10 million.
