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Published on 1/25/2017 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €30 million zero-coupon government securities due 2019

By Marisa Wong

Morgantown, W.Va., Jan. 25– The Republic of Latvia auctioned €30 million of zero-coupon government debt securities due Feb. 12, 2019 in a multi-price auction on Wednesday, according to a notice.

Of the accepted bids, €24 million were competitive and €6 million were non-competitive.

The average volume-weighted and top bid yields were negative 0.025% and negative 0.02%, respectively. The maximum admissible yield was 0%.

Latvia received five competitive bids for a total of €99.3 million and four non-competitive bids for a total of €30,002,000.

Issuer:Latvia
Issue:Government debt securities
Amount:€30 million
Maturity:Feb. 12, 2019
Coupon:0%
Average and top bid yield:Negative 0.025% and negative 0.02%
Auction date:Jan. 25
Settlement date:Jan. 27

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