Latvia has borrowed 1.25 billion euros on international financial markets, according to information published by the State Treasury.
On September 25, the State Treasury, on behalf of Latvia, priced a 10-year eurobond issue, raising 1.25 billion euros with a yield of 3.583% and a fixed coupon rate of 3.5%.
Latvian government securities were purchased by around 70 investors from various European countries, including the United Kingdom, Germany, Spain and the Benelux states.
Total demand for Latvian eurobonds exceeded 2.5 billion euros.
The lead managers of the issuance were Deutsche Bank, Erste Group, and Goldman Sachs Bank Europe.
Latvia last borrowed on international financial markets in May. On May 14, the State Treasury issued a five-year eurobond, raising 1 billion euros with a yield of 2.971% and a fixed coupon rate of 2.875%. These bonds are set to mature on May 21, 2030. (BNN)