On Thursday, 28 January, a Government domestic T-bills due on 22.02.2016 (21 days) competitive multi-price auction will take place.
|
ISIN code |
Nominal value |
Time and date for placing bids |
Settlement date |
Maturity date |
Minimum Bid amount (EUR) |
Competitive auction value to be placed (EUR) |
|
in the competitive multi-price auction |
||||||
|
LV00005 13315 |
1 000 |
28.01.2016 10:00-12:00 |
01.02.2016 |
22.02.2016 |
1 000 |
50 000 000 |
The Treasury will offer a new debt instrument – T-bills with a maturity of 21 days, with aim to ensure effective cash management process.
Like other Government securities auction, the 21-day T-bills auction will be held through NASDAQ Riga Genium INET trading platform. Unlike other Latvian Government securities, it is not planned to hold a non-competitive fixed rate amount auctions due to a short maturity of this instrument and characteristics of the expected investor base. The 21 days T-bills auctions are planned at the end of each calendar month with the settlement on the first working day of the following month.
The Primary dealers participate in the government securities primary placement. Primary dealer system in Latvia has been launched on 11 February, 2013. The objective of this system is to stimulate activity and development of the government debt securities market – new borrowing instruments, broadening of investor base, more active, liquid and attractive securities market for investors.