By Tali Rackner
Norfolk, Va., Sept. 2 – The Republic of Latvia auctioned €30 million of 0.625% government debt securities due June 5, 2020 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 0.863%. The admissible yield was capped at 0.95%, and the top bid yield received was 0.888%.
Latvia received five competitive bids for a total of €94,525,000. It received five non-competitive bids for a total of €55 million.
| Issuer: | Latvia
|
| Amount: | €30 million
|
| Maturity: | June 5, 2020
|
| Description: | Government debt securities
|
| Coupon: | 0.625%
|
| Average yield: | 0.863%
|
| Auction date: | Sept. 2
|
| Settlement date: | Sept. 4
|
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