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Published on 1/21/2015 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €16 million 0.25% three-year government securities

By Tali Rackner

Norfolk, Va., Jan. 21 – The Republic of Latvia auctioned €16 million of 0.25% government debt securities due Jan. 23, 2018 in a multi-price auction on Wednesday, according to a notice.

The average volume-weighted bid yield for the competitive securities is 0.28%. The admissible yield was capped at 0.75%, and the top bid yield received was 0.28%.

Latvia received five competitive bids for a total of €131,425,000.

Issuer:Latvia
Amount:€16 million
Maturity:Jan. 23, 2018
Coupon:0.25%
Description:Government debt securities
Auction date:Jan. 21
Settlement date:Jan. 23

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