Latvia offering two taps of notes due 2026, 2036

By Colin Hanner

Chicago, June 1 – The Republic of Latvia is offering two taps of its euro-denominated notes due 2026 and 2036, a market source said.

Goldman Sachs International, Societe Generale and Deutsche Bank AG are stabilizing managers for the deal.

In October 2016, Latvia priced €1 billion 3/8% notes due in 2026 at a yield of 0.456%, or mid-swaps plus 19 basis points, according to Prospect News.

In May 2016, Latvia priced €650 million 1 3/8% 20-year notes (A3/A-/A-) at 97.617 to yield 1.514%, or mid-swaps plus 50 bps.

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