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Published on 3/18/2015 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €30 million government securities due 2018

By Tali Rackner

Norfolk, Va., March 18 – The Republic of Latvia auctioned €30 million of government debt securities due Jan. 23, 2018 in a multi-price auction on Wednesday, according to a notice.

Of the accepted bids, €24 million were competitive and €6 million were non-competitive.

The average volume-weighted bid yield for the competitive securities is 0.194%. The admissible yield was capped at 0.3%, and the top bid yield received was 0.225%.

Latvia received five competitive bids for a total of €135.8 million. It received non-competitive bids for a total of €51.75 million.

Issuer:Latvia
Amount:€30 million
Maturity:Jan. 23, 2018
Description:Government debt securities
Coupon:0.25%
Average volume-weighted yield:0.194%
Top bid yield:0.225%
Auction date:March 18
Settlement date:March 20

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