New Issue: Latvia prices €700 million 1 7/8% 30-year senior notes to yield mid-swaps plus 68 bps

By Rebecca Melvin

New York, Feb. 14 – The Republic of Latvia priced €700 million of 1 7/8% 30-year senior notes at 98.779 to yield 1.929%, or a spread of 68 basis points over mid-swaps, according to a syndicate source.

Pricing came tight to talk for a spread of low 70 bps over mid-swaps.

Citigroup, Credit Agricole and Goldman Sachs are bookrunners for the Regulation S deal.

Issuer:	Latvia
Amount:	€700 million
Description:	Senior notes
Maturity:	Feb. 19, 2049
Bookrunners:	Citigroup, Credit Agricole and Goldman Sachs
Coupon:	1 7/8%
Price:	98.779
Yield:	1.929%
Spread:	Mid-swaps plus 68 bps
Settlement date:	Feb. 19
Distribution:	Regulation S
Talk:	Low 70 bps over mid-swaps

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