The amount of resources raised in auctions via Primary Dealers in 2025 reached EUR 950 million.
The Treasury offered TAP issues of outstanidng Eurobonds of different maturities originally issued in international financial markets in 18 auctions. This approach of reopening Eurobonds in auctions via Primary Dealers improves the liquidity and supports trading in the secondary market.
Since the TAP issues have been offered at auctions, interest from international investors in Latvian government securities has increased, allowing to fix interest rates at favourable levels.
To make government debt securities more accessible to a wider range of investors in the primary market, the Treasury offered securities with a minimum purchase amount of EUR 1000 in 13 auctions.
Investor demand and the Treasury’s supply in the auctions were focused on re-opening of securities with remaining maturities of 3 to 5 years.
In 2025, the auctions investor demand exceeded the volume sold by three times on average.
The Treasury will continue to hold regular auctions via Primary Dealers, offering TAP issues of Eurboonds initially issued in international financial markets, in line with investor demand and prevailing financial market conditions.
