Published on 3/16/2016 in the Prospect News Emerging Markets Daily.
New Issue: Latvia auctions €24 million government securities due 2020 at 0.284%
By Tali Rackner
Norfolk, Va., March 16 – The Republic of Latvia auctioned €24 million of 5/8% government debt securities due June 5, 2020 in a multi-price auction on Wednesday, according to a notice.
The average volume-weighted bid yield is 0.284%. The admissible yield was capped at 0.5%, and the top bid yield received was 0.36%.
Latvia received five competitive bids totaling €80.19 million.
| Issuer: | Latvia
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| Description: | Government debt securities
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| Amount: | €24 million
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| Maturity: | June 5, 2020
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| Coupon: | 5/8%
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| Average yield: | 0.284%
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| Auction date: | March 16
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| Settlement date: | March 18
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