Latvia launches €500 million notes due 2025 at mid-swaps plus 35 bps

By Aleesia Forni

Virginia Beach, Sept. 16 – Republic of Latvia launched a €500 million offering of notes (A3/A-) due September 2025 on Wednesday at mid-swaps plus 35 basis points, according to an informed source.

The issue’s launch came at the tight end of guidance set in the 35 bps to 40 bps range over mid-swaps and tighter than talk set in the 40 bps area over mid-swaps.

DNB, HSBC and Natixis are the bookrunners.

The deal was expected to price on Wednesday.

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