Chicago, Nov. 15 – The Republic of Latvia (A3/A+/A-) priced €600 million of 3 7/8% notes due May 22, 2029 on Wednesday, according to information from a sellside source.
The notes priced at 99.887 to yield 3.902%, or at mid-swaps plus 80 basis points. Initial price talk was in the mid-swaps plus low 90s.
Barclays (billing and delivery), Natixis and Societe Generale were bookrunners for the Regulation S offering.
The order book was over €1.75 billion.
The notes will be listed in Luxembourg.
| Issuer: | Latvia
|
| Amount: | €600 million
|
| Issue: | Notes
|
| Maturity: | May 22, 2029
|
| Bookrunners: | Barclays (billing and delivery), Natixis and Societe Generale
|
| Coupon: | 3 7/8%
|
| Price: | 99.887
|
| Yield: | 3.902%
|
| Spread: | Mid-swaps plus 80 bps, or Bunds plus 138.6 bps
|
| Trade date: | Nov. 15
|
| Settlement date: | Nov. 22
|
| Issuer ratings: | Moody’s: A3
|
| S&P: A+
|
| Fitch: A-
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus low 90s
|
| ISIN: | XS2722876609
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