Latvia attracts 1.25 billion euros in international financial markets / Article / LSM.lv

The Latvian Treasury issued 10-year bonds in the international financial markets, attracting financing in the amount of 1.250 billion euros with a yield of 0.105% and fixing the coupon rate at 0.000%. This is the historically lowest level of long-term yield and coupon ever achieved in Latvian debt securities issues in international markets, the Treasury informed.

The bond issue of the Republic of Latvia has achieved the largest investor demand so far in terms of both number and volume –

In total, more than 100 investors showed interest in investing in bonds, with a total demand of 2.8 billion euros.

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

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

“In the borrowing transaction performed by the Treasury, we have attracted a significant amount of long-term resources on favorable terms.

This transaction is the first step in attracting the necessary financing in the international markets this year,

because it is necessary to ensure the availability of resources both for financing mitigation measures and economic support of the Covid-19 outbreak, as well as for financing other budgetary needs and meeting public debt obligations, “explained Minister of Finance Jānis Reirs (” New Unity “).

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