Latvia has issued new 30-year bonds with a maturity in 2049, attracting financing in the amount of 700 million euros with a yield of 1.929% and a fixed coupon (interest) rate of 1.875%.
Demand for bonds significantly exceeded their supply – more than 70 investors, mostly from European countries, bought Latvian bonds.
“Financing was attracted in a favorable situation of the financial market with favorable borrowing interest rates, ensuring low and predictable debt servicing costs in the long term. By issuing these securities, the State Treasury attracted the largest part of the borrowings planned in foreign markets this year,” said Schmite-Creger. .
The leading issuing banks are Citi, Credit Agricole and Goldman Sachs.