Latvia priced inaugural 7-year CHF bond
Created
: 09.07.2026.
On Tuesday, July 7, the Treasury of Latvia set a milestone in Swiss franc market and successfully priced its inaugural bond raising CHF 130 million.
The 7-year CHF benchmark was priced at a spread of +68 bp over SARON MS with a yield 1.095%.
This was a strategic decision aimed at diversifying investor base and locking in attractive funding costs after cross currency swap. The offering garnered strong engagement from more than 30 investors, including local asset managers and insurance accounts in addition to local banks. The bond will be listed on the Swiss Stock Exchange.
With this debut offering Latvia established an additional funding channel by getting access to the CHF market and laid the foundation for a long-term relationship with CHF investors for future bond issuances.
The Joint Lead Managers were Deutsche Bank and UBS.