Latvia re-opens 30-year Eurobond
THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW AND PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY THE REPUBLIC OF LATVIA TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS
The transaction was supported by strong investor demand from the onset, with the final orderbook 2.9 times oversubscribed. Bonds were allocated to more than 80 investors mainly from Europe (e.g. Germany, Italy, United Kingdom). The Joint Lead Managers were Citi, Crédit Agricole CIB, and Goldman Sachs International.
With this transaction, the Treasury has successfully carried out its planned funding activities in the international capital markets for 2019, a total EUR 1billion, to provide financial resources for upcoming debt redemptions, the issuance of state loans and financing of the budget deficit.