Government bonds previously issued on international markets in the amount of 15 million euros were sold on Thursday in a competitive auction, according to the exchanges “Nasdaq Riga“information provided.
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In the auction, the demand for bonds of the participants exceeded 3.4 times treasure the amount offered.
The auction weighted average rate for bonds maturing on January 24, 2029 was 4.119% (in the previous auction on February 17 this year – 0.839%) and its five auction participants applied for bonds totaling of EUR 50.8 million, while the State Treasury offered to buy for an amount of EUR 15 million.
The bond issue date is November 10, 2022.
On Thursday, the State Treasury offered to purchase an additional issue of international Eurobonds issued in early July 2021 under the Global Medium-Term Securities Program (GMTN). The fixed interest rate (coupon) of the bonds is 0%.
The newly issued bonds will merge and form a single series with the related bonds issued so far for an amount of € 685 million.
On 7 July 2021, the State Treasury issued the related international Eurobonds maturing on 24 January 2029 for a total amount of 500 million euros. The aforementioned bond issue was carried out on the Luxembourg Stock Exchange.
At the end of July 2021 the aforementioned bonds were sold at the competitive auction of the internal debt for an amount of 25 million euros, in the competitive auction at the end of August the bonds were sold for an amount of 35 million euros, in the second half in September – for an amount of 25 million euros, and in mid-October – for an amount of 50 million euros. In mid-February of this year, however, the aforementioned bonds were sold at the competitive auction of the internal state debt for an amount of 50 million euros.
