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Published on 4/4/2018 in the Prospect News Emerging Markets Daily.

New Issue: Latvia auctions €40 million ¼% securities due 2023 at 0.494%

By Sarah Lizee

Olympia, Wash., April 4 – The Republic of Latvia auctioned €40 million of ¼% government debt securities due May 12, 2023 in a multi-price auction on Wednesday.

The sovereign accepted €30 million of the €96.97 million of competitive bids and €10 million of the €12.5 million of non-competitive bids, according to a notice.

The average volume-weighted bid yield was 0.494%. The top bid yield received was 0.518%.

Issuer:Latvia
Amount:€40 million
Maturity:May 12, 2023
Description:Government debt securities
Coupon:¼%
Average yield:0.494%
Auction date:April 4
Settlement date:April 6

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