Latvia issues 30-year Eurobond
THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW AND PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY THE REPUBLIC OF LATVIA TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS
On Tuesday, on February 12, Latvia priced 30-year Eurobond (maturing 19 February 2049) in a total amount of EUR 700 million setting yield at 1.929% and coupon 1.875%.
The orderbook was well oversubscribed and Eurobond offering was allocated to more than 70 investors, mainly from Europe. The Joint Lead Managers were Citi, Crédit Agricole CIB, Goldman Sachs International.
Funding has been raised during the supportive market backdrop that allowed to set yield at financially attractive level and ensures low long-term debt servicing costs.
By completion of the transaction, the Treasury has fulfilled largest part of this year’s funding requirement in the international capital markets.