These are historically the lowest maturity and coupon levels achieved in international markets in the issuance of Latvian debt securities, the Treasury said.
The issuance of bonds of the Republic of Latvia has achieved the largest investor demand in terms of both number and volume: overall, interest in the investment opportunity in bonds was shown by more than 100 investors, with a total demand volume of €2.8 billion.
The bonds were purchased by mostly European asset managers and banks from Germany, France and the U.K. The leading banks in the issuance were Barclays, BNP Paribas and Credit Agricole CIB.
"We've attracted long-term resources to a significant extent on advantageous terms in the borrowing business conducted by the Treasury. The deal is the first step in attracting funding needed in international markets this year, because it is necessary to ensure that resources are available for financing and supporting economic measures to reduce the impact of the Covid-19 outbreak, as well as for the financing of other budgetary needs and for the fulfilment of public debt obligations," Finance Minister Jānis Reirs was quoted in the statement.
