COBALT advised joint lead managers on issue of EUR 1.250 billion Eurobond by the Republic of Latvia


2021 - 03 - 19

COBALT advised Barclays, BNP Paribas and Credit Agricole CIB as joint lead managers on issue of 10-year EUR 1.250 billion Eurobond by the Republic of Latvia, setting a yield at 0.105% and a coupon 0.000%.

According to the Treasury of the Republic of Latvia, the transaction marks several records: (1) the lowest ever long-term borrowing yield reached, and (2) is the historically lowest long-term and the lowest coupon achieved by the Republic of Latvia in its Eurobond transactions.

Eurobond offering was allocated to European investors, mainly asset managers and banks from Germany, France and the United Kingdom.

Legal assistance to the joint lead managers was provided by COBALT Banking and Finance team led by Specialist Counsel Edgars Lodziņš.

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