By Christine Van Dusen
Atlanta, Feb. 9 – Latvia priced a combined €650 million of notes due in 2026 and 2047 on Thursday, a market source said.
The sovereign priced a €150 million add-on to its 3/8% notes due in 2026 at 93.735 to yield mid-swaps plus 38 basis points.
A new €500 million issue of 2¼% 30-year notes priced at 98.287 to yield mid-swaps plus 98 bps.
Deutsche Bank, Societe Generale CIB and Goldman Sachs were the bookrunners for the Regulation S deal.
| Issuer: | Latvia
|
| Amount: | €650 million
|
| Description: | Senior notes
|
| Bookrunners: | Deutsche Bank, Societe Generale CIB, Goldman Sachs
|
| Trade date: | Feb. 9
|
| Distribution: | Regulation S
|
|
|
| Tap of notes due 2026
|
| Amount: | €150 million add-on
|
| Maturity: | 2026
|
| Coupon: | 3/8%
|
| Price: | 93.735
|
| Spread: | Mid-swaps plus 38 bps
|
|
|
| New 30-year notes
|
| Amount: | €500 million
|
| Maturity: | 2047
|
| Coupon: | 2¼%
|
| Price: | 98.287
|
| Spread: | Mid-swaps plus 98 bps
|
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