By Tali Rackner
Norfolk, Va., Sept. 7 – The Republic of Latvia auctioned €16.18 million of 3/8% government debt securities due Jan. 27, 2022, in a multi-price auction on Wednesday, according to a notice.
Of the accepted bids, €10.18 million were competitive and €6 million were non-competitive.
The average volume-weighted bid yield is 0.089%. The admissible yield was capped at 0.13%, and the top bid yield received was 0.13%.
Latvia initially offered €24 million of the securities. It received five competitive bids for a total of €104.28 million and four non-competitive bids for a total of €6.6 million.
| Issuer: | Latvia
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| Amount: | €16.18 million
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| Maturity: | Jan. 27, 2022
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| Description: | Government debt securities
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| Coupon: | 3/8%
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| Average yield: | 0.089%
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| Auction date: | Sept. 7
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| Settlement date: | Sept. 9
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