New Issue: Latvia places €16 million of 1 7/8% notes due 2019

By Susanna Moon

Chicago, Oct. 22 – Latvia said it auctioned €16 million of 1 7/8% notes due 2019.

The total value of bids was €75.65 million.

The maximum admissible yield as specified by the state treasury was 2.2%, and the average volume-weighted and top bid yield in executed bids were 1.437% and 1.485%.

Issuer:	Latvia
Amount:	€16 million
Maturity:	Nov. 21, 2019
Description:	Notes
Coupon:	1 7/8%
Auction date:	Oct. 22
Settlement date:	Oct. 24

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