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Published on 2/10/2016 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €30 million of government securities

By Tanya Meyer

Chicago, Feb. 10 – The Republic of Latvia auctioned €30 million of government securities due Feb. 12, 2019 on Wednesday, according to a notice.

The maximum admissible yield was 0.3%.

The average volume-weighted yield was 0.079%, while the top bid yield in executed bids was 0.098%.

Of the total value bid at €148,905,000 million, €102,895,000 million was the total value bid at competitive auction, while €46.01 million was the total value bid at non-competitive auction.

Latvia placed €24 million by competitive auction and €6 million by non-competitive auction.

Issuer:Republic of Latvia
Description:Government securities
Amount:€30 million
Maturity date:Feb. 12, 2019
Coupon:0%
Average volume-weighted yield:0.079%
Auction date:Feb. 10
Settlement date:Feb. 12

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