By Rebecca Melvin
New York, March 10 – The Republic of Latvia priced €1.25 billion 0% 10-year notes at 98.956 to yield 0.105%, or mid-swaps plus 9 basis points on Wednesday, according to a market source.
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.
The order books were €2.8 billion at the time the deal was launched.
Barclays, BNP Paribas and Credit Agricole were lead managers for the Regulation S deal.
| Issuer: | Latvia
|
| Issue: | Notes
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| Amount: | €1.25 billion
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| Maturity: | March 17, 2031
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| Bookrunners: | Barclays, BNP Paribas and Credit Agricole
|
| Coupon: | 0%
|
| Price: | 98.956
|
| Yield: | 0.105%
|
| Spread: | Mid-swaps plus 9 bps
|
| Pricing date: | March 10
|
| Settlement date: | March 17
|
| Distribution: | Regulation S
|
| Price talk: | Guided to mid-swaps plus 12 bps area from mid-swaps plus 15 bps area
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