Published on 5/11/2016 in the Prospect News Emerging Markets Daily.
New Issue: Latvia prices €650 million 1 3/8% notes due 2036 to yield 50 bps over mid-swaps
By Christine Van Dusen
Atlanta, May 11 – Latvia priced €650 million 1 3/8% 20-year notes (A3/A-/A-) at 97.617 to yield 1.514%, or mid-swaps plus 50 basis points, a market source said.
HSBC, JPMorgan, Natixis Securities and Swedbank were the bookrunners for the Regulation S deal.
| Issuer: | Latvia
|
| Amount: | €650 million
|
| Maturity: | May 16, 2036
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan, Natixis Securities, Swedbank
|
| Coupon: | 1 3/8%
|
| Price: | 97.617
|
| Yield: | 1.514%
|
| Spread: | Mid-swaps plus 50 bps
|
| Trade date: | May 10
|
| Settlement date: | May 16
|
| Ratings: | Moody's: A3
|
| S&P: A-
|
| Fitch: A-
|
| Distribution: | Regulation S
|
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