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Latvia offers euro-denominated notes in two tranches
By Rebecca Melvin
New York, May 23 – The Republic of Latvia is offering euro-denominated notes, including a new 10-year note and a tap of its existing 2¼% notes due 2047, according to a syndicate source on Wednesday.
The new notes were guided to price at a yield of mid-swaps plus 15 basis points, which was tightened from initial talk at mid-swaps plus 15 bps to 20 bps.
The reopening of the 2047 notes, of which €500 million priced originally in February 2017, was guided to mid-swaps plus 37 bps, from initial talk in the mid-swaps plus 40 bps area.
J.P. Morgan Securities plc, Citigroup and Natixis are stabilizing managers for the deal.
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