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Published on 1/13/2016 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €20 million of government securities at -0.055%

By Tanya Meyer

Chicago, Jan. 13 – The Republic of Latvia auctioned €20 million of government securities due July 22, 2016 on Wednesday, according to a notice.

The weighted average accepted yield was -0.055%.

Of the total, €16 million was placed with five buyers by competitive auction and €4 million with four buyers by non-competitive.

The total volume of competitive bids was €77 million, and the total amount of non-competitive bids was €42.4 million.

Issuer:Republic of Latvia
Amount:€20 million
Maturity date:July 22, 2016
Description:Government securities
Average accepted yield:-0.055%
Auction date:Jan. 13
Settlement date:Jan. 15

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