Treasury of the Republic of Latvia has raised funding in international markets
Minister of Finance Mr. J.Reirs: “Given the emergency situation in the country, it is important to have available funding to finance all economic stimulus efforts and measures to support citizens. It is important to overcome the COVID-19 crisis together to return to normal conditions. With this transaction we have raised long-term funding having favourable borrowing conditions and ensuring low and predictable long-term debt servicing costs.”
Investor interest was mainly from Europe (for example, asset managers, fund managers and banks in Germany, Austria and the United Kingdom) and the final order book was slightly more than 700 million EUR. The Joint Lead Managers were Barclays, J.P. Morgan and Societe Generale.
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