New Issue: Latvia auctions LVL 16 million 4% notes due 2016

By Susanna Moon

Chicago, July 26 - The Republic of Latvia auctioned LVL 16 million of 4% notes (Baa3/BB+/BBB-) due July 29, 2016.

The average volume-weighted and top bid yield in executed bids were 4.083% and 4.150%, respectively.

The total amount of competitive bids received was LVL 60,241,000.

Issuer:	Republic of Latvia
Issue:	Notes
Amount:	LVL 16 million
Maturity:	July 29, 2016
Coupon:	4%
Average yield:	4.083%
Auction date:	July 27
Settlement date:	July 29
Ratings:	Moody's: Baa3
	Standard & Poor's: BB+
	Fitch: BBB-

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