COBALT Advised Deutsche Bank, Goldman Sachs un Société Générale on Issue of an Inaugural 30-year Eurobond by the Republic of Latvia

COBALT advised Deutsche Bank, Goldman Sachs and Société Générale as joint lead managers in relation to issuance of dual-tranche Eurobonds in the international capital markets in an aggregate amount of EUR 650 million.

The 30-year Eurobonds represent the longest tenor issued by Latvia. The 30-year tranche priced at a coupon of 2.250% (yield 2.330%), in a new benchmark issue size of EUR 500 million. Simultaneously, Latvia tapped its 0.375% Eurobonds maturing October 7, 2026, increasing the outstanding amount of these bonds by EUR 150 million at a yield of 1.062%.

According to the Treasury of the Republic of Latvia, the issuance was well received from more than 50 investors that were mainly from Europe (Germany, Austria, United Kingdom and other countries).

Legal assistance to the joint lead managers was provided by the COBALT banking and finance team led by Specialist Counsel Edgars Lodzins.

COBALT experts were also involved in all previous issues of Latvia’s bonds in the international capital markets.