On Tuesday, January 10, the Treasury issued five-year Eurobonds on behalf of Latvia, raising €750 million with a yield of 3.693% and a fixed coupon rate of 3.5%.
The total demand for Latvian Eurobonds was the largest since 2015, amounting to €3.7 billion, the Treasury reports, indicating that more than 140 investors received applications.
The securities were bought by investors from a variety of European countries, such as the U.K., Germany, Austria, Nordic countries, France, Benelux.
The leading banks of the issue were Citigroup Global Markets Europe, Deutsche Bank, Erste Group Bank and Nomura Financial Products Europe Gmbh.
The last time Latvia borrowed in international financial markets was on October 20, 2022, when the Treasury issued bonds worth €850 million in international financial markets, with a yield of 4.198% and a fixed coupon rate of 3.875%. The maturity of the bond is March 25, 2027.
Total demand for Latvian Eurobonds exceeded EUR 2.1 billion last October. Overall, applications from more than 80 investors were received.
