In the international financial markets, the Treasury attracts 1.25 billion BNN to Latvia

On Wednesday, March 10, the Treasury issued ten-year bonds on behalf of Latvia in the international financial markets, attracting financing in the amount of 1.25 billion euros, informs the Treasury.

On Wednesday, March 10, the Treasury issued ten-year bonds on behalf of the Republic of Latvia in the international financial markets, raising funding of 1.25 billion euros with a yield of 0.105% and fixing a coupon rate of 0.000%, which is historically the lowest ever achieved in Latvian debt securities issues. such a long-term yield and coupon level, explains the Treasury.

The bond issue of the Republic of Latvia has reached the highest investor demand so far in terms of both number and volume – in total, more than 100 investors showed interest in investing in bonds, the total demand of which reached 2.8 billion euros, according to the Treasury.

The bonds were purchased mainly by European asset managers and banks from Germany, France and the United Kingdom.

Minister of Finance Jānis Reirs (JV) comments: “In the borrowing transaction performed by the Treasury, we have attracted a significant amount of long-term resources on favorable terms. The deal is a first step in attracting the funding needed on international markets this year, as resources must be made available to finance both Covid-19 mitigation measures and economic support, as well as to finance other budgetary needs and public debt obligations. “

The leading banks in the issue were Barclays, BNP Paribas a Credit Agricole CIB.

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