By Wendy Van Sickle
Columbus, Ohio, June 3 – The Republic of Latvia auctioned off €20 million of government debt securities due June 5, 2020 in a multi-price auction on Wednesday, according to a notice.
The average volume-weighted bid yield for the competitive securities was 0.693%. The admissible yield was capped at 0.8%, and the top bid yield received was 0.749%.
Of the accepted bids, €16 million were competitive, and €4 million were non-competitive.
Latvia received five competitive bids for a total of €63.075 million. It received five non-competitive bids for a total of €31.5 million.
| Issuer: | Latvia
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| Amount: | €20 million
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| Maturity: | June 5, 2020
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| Description: | Government debt securities
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| Coupon: | 0.625%
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| Average volume-weighted yield: | 0.693%
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| Top bid yield: | 0.749%
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| Auction date: | June 3
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| Settlement date: | June 5
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