By Wendy Van Sickle
Columbus, Ohio, March 9 – The Republic of Latvia auctioned €50 million of government securities due July 22, 2016 on Wednesday, according to a notice.
The maximum admissible yield was 0%.
The average volume-weighted yield was negative 0.121%, while the top bid yield in executed bids was negative 0.05%.
Of the total value bid at €115,501,000 million, €100.5 million was the total value bid at competitive auction, while €15,001,000 was the total value bid at non-competitive auction.
Latvia placed €40 million by competitive auction and €10 million by non-competitive auction.
| Issuer: | Republic of Latvia
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| Description: | Government securities
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| Amount: | €50 million
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| Maturity date: | July 22, 2016
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| Coupon: | 0%
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| Average volume-weighted yield: | Negative 0.121%
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| Auction date: | March 9
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| Settlement date: | March 11
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