Finance markets

Latvia attracted 1.25 billion euros in international financial markets / Article

These are historically the lowest maturity and coupon levels reached in international markets when issuing Latvian debt securities, the Treasury said.

The Republic of Latvia bond issue has reached the highest demand from investors in terms of number and volume: overall, interest in the bond investment opportunity has been shown by more than 100 investors, with a total request volume of 2.8 billion euros.

The bonds were bought mainly by European asset managers and banks in Germany, France and the United Kingdom. The main banks of the issue were Barclays, BNP Paribas and Crédit Agricole CIB.

“We have attracted long-term resources to a large extent on concessional terms through Treasury borrowing operations. The deal is the first step in attracting the necessary financing to international markets this year, as it is necessary to ensure that resources are available to finance and support economic measures aimed at reducing the impact of the Covid-19 epidemic, as well as for the financing of other budgetary needs and for the execution of public debt obligations, ”Finance Minister Jānis Reirs said in the statement.

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