As reported by the State Treasury, on Tuesday, January 10, ten-year euro bonds with a yield of 3,693% and a fixed coupon of 3.5% were issued on the financial markets on behalf of Latvia in order to attract capital 750 million euros.
Total demand for Latvian eurobonds was the highest since 2015, reaching EUR3.7 billion, according to the Treasury, adding that bids had been received from more than 140 investors. The bonds were purchased by investors from various European countries, including the UK, Germany, Austria, the Nordic countries, France and Benelux.
Bonds were issued by Citigroup Global Markets Europe, Deutsche Bank, Erste Group Bank and Nomura Financial Products Europe Gmbh.
The last time Latvia borrowed money from international financial markets was October 20, 2022,
when the State Chancellery placed bonds worth EUR 850 million with a yield of 4.198% and a fixed coupon of 3.875% on the international markets. The bond matures on March 25, 2027. Total demand for Latvian euro bonds exceeded EUR 2.1 billion in October 2022. More than 80 investor offers were received.
Also read: Inflation causes tax revenues in Latvia to grow faster than budget expenditures
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