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Published on 5/31/2017 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €30 million government securities due 2022 at 0.236%

New York, May 31 – The Republic of Latvia auctioned €30 million of 3/8% government debt securities due Jan. 27, 2022 in a multi-price auction on Thursday, according to a notice.

The sovereign accepted €24 million of the €127,295,000 of competitive bids and €6 million of the €29.9 million of non-competitive bids.

The volume-weighted average executed bid yield was 0.236%, and the top bid yield was 0.24%

Issuer:Latvia
Amount:€30 million
Maturity:Jan. 27, 2022
Description:Government debt securities
Coupon:3/8%
Average yield:0.236%
Auction date:May 31
Settlement date:June 2

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