By Wendy Van Sickle
Columbus, Ohio, July 22 – The Republic of Latvia auctioned off €20 million of government debt securities due July 22, 2016 on Wednesday, according to a notice.
The average volume-weighted bid yield for the competitive securities was 0.045%. The admissible yield was capped at 0.1%, and the top bid yield received was 0.05%.
Of the accepted bids, €16 million were competitive, and €4 million were non-competitive.
Latvia received five competitive bids for a total of €53.9 million. It received five non-competitive bids for a total of €36.06 million.
| Issuer: | Latvia
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| Amount: | €20 million
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| Maturity: | July 22, 2016
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| Description: | Government debt securities
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| Average volume-weighted yield: | 0.045%
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| Top bid yield: | 0.05%
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| Auction date: | July 22
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| Settlement date: | July 24
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