Latvia launches €1.25 billion 10-year notes at mid-swaps plus 9 bps

By Rebecca Melvin

New York, March 10 – The Republic of Latvia launched a €1.25 billion offering of 10-year notes to yield mid-swaps plus 9 basis points, according to a market source on Wednesday.

Pricing came tight to guidance in the mid-swaps plus 12 bps area, following initial price talk in the mid-swaps plus 15 bps area.

Final pricing and allocations were expected to be set late Wednesday.

The order books were €2.8 billion at the time the deal was launched.

Barclays, BNP Paribas and Credit Agricole are lead managers for the Regulation S deal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.