Latvia places 650 mln euro in Eurobonds
RIGA. Feb 10 (Interfax) - Latvia placed two issues of Eurobonds on international financial markets on Thursday totaling 650 million euro, which represents a large share of planned borrowing in 2017, Latvia's Treasury reported.
Latvia placed 500 million euro in a new issue of 30-year Eurobonds at a fixed rate of 2.25% (yielding 2.33%) bonds. It also placed an additional 150 million euro from an existing Eurobond issue maturing on October 7, 2026. The initial volume of the issue was 500 million euro.
Demand exceeded the offering by 60% for the 30-year bonds and by 180% for the 10-year bonds. About 50 investors from various countries, mainly European ones (Germany, Austria, UK and others), participated.
Deutsche Bank, Goldman Sachs and Societe Generale were the placement organizers.