Latvia’s new long-7 year Eurobond sets historic demand record

The Republic of Latvia has successfully issued a new long-7 year Eurobond, raising EUR 600 million at a reoffer yield of 3.138% and a fixed rate coupon of 3.000%. The issue saw exceptional investor interest, attracting a final orderbook of nearly EUR 5 billion, the highest ever recorded for a Latvian Eurobond transaction.  

The transaction was allocated to a diverse group of 140 investors from across Europe, including Germany, Austria, the United Kingdom, Ireland, the Nordic countries, and Switzerland. The Joint Lead Managers for the deal were BNP Paribas, Deutsche Bank, and Erste Group. 

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

Official announcement.