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Latvian T-Bond auction raises 24 million euros

On Wednesday, 16th October, Latvia offered domestic government T-Bonds, due on 31 January, 2025, on the international markets, according to an update sent October 22 from the State Treasury.

Securities with a total nominal value of 24 million euros were sold in a competitive multi-price auction that saw total demand reach 51.50 million euros, or more than double the offered amount.

The top admissible yield rate set by the Treasury was 0.000% and the weighted average yield rate was -0.011%.

Meanwhile T-Bonds due on 31 January, 2025 with the total nominal value of 6 million euros were sold in a non-competitive fixed rate auction in which total demand reached more than 26 million euros.

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