By Susanna Moon
Chicago, May 25 – The Republic of Latvia auctioned €20 million of 3/8% government debt securities due Jan. 27, 2022 in a multi-price auction on Wednesday, according to a notice.
The average volume-weighted bid yield is 0.395%. The admissible yield was capped at 0.5%, and the top bid yield received was 0.46%.
Of the accepted bids, €16 million were competitive and €4 million were non-competitive.
Latvia received five competitive bids for a total of €67,275,000 and five non-competitive bids for a total of €40,675,000.
| Issuer: | Latvia
|
| Description: | Government debt securities
|
| Amount: | €20 million
|
| Maturity: | Jan. 27, 2022
|
| Coupon: | 3/8%
|
| Average yield: | 0.395%
|
| Auction date: | May 25
|
| Settlement date: | May 27
|
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