By Tali Rackner
Norfolk, Va., March 8 – The Republic of Latvia auctioned €30 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, €14,178,000 were competitive and €15,822,000 were non-competitive.
The average volume-weighted bid yield was 0.24%. The maximum admissible yield was 0.28% and the top bid yield received was 0.279%.
Latvia received five competitive bids for a total of €96,098,000 and four non-competitive bids for a total of €16.8 million.
| Issuer: | Latvia
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| Amount: | €30 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: | 0.24%
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| Auction date: | March 8
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| Settlement date: | March 10
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