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LATVIA EUR 5.5YR SSA A- FIXED RATE SYNDICATED EURO MTN MARKET PLACEMENT (XS2722876609)

Post Date: 21 November 2023
Latvia has priced a syndicated EUR denominated Euro market bond which matures in 2029. 

Gold users are able to click on the ISIN to check the full term sheet for this deal. XS2722876609

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Issuer Details
Issuer Latvia, Republic of
LEI 25490002QDEB2KTLNK39
Industry Government - Sovereign
Country Latvia
Issuer Description In Latvia the fixed income market is small by international standards, yet it has developed a versatile legislative framework and adequate institutions. The Latvian fixed income market is formed by the governmental bonds, mortgage bonds, and corporate bonds. In 2008 these segments took s 73 %, 16 %, and 11 %, respectively. Government bonds strongly dominate the Latvian capital market in the aspect of both amount and liquidity. Development of Latvia's government bond market started in December 1993. Since 1999, government bonds have been actively traded at the Riga Stock Exchange. The attractiveness of Latvian government bonds is determined by the good country rating and the fact that the volume of the non-government bonds is not large. One of the basic features of Latvia's capital market is the preference that non-financial enterprises have for banks' credit over the issuance of bonds. Bond yields are usually higher than credit interest rates, therefore issue of bonds is not attractive to companies. Banks are the most active issuers in the corporate bond segment.
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Trade Details
Security Type MTN
Amount EUR [Login to see full details]
Total Amount including taps EUR [Login to see full details]
Total Amount Outstanding EUR [Login to see full details]
Total Order Book EUR [Login to see full details]
Structure Fixed Rate
Coupon [Login to see full details]
Price [Login to see full details]
Reoffer [Login to see full details]
It came at a spread of [Login to see full details] in the Euro bond market.
Term [Login to see full details]
Yield Notes [Login to see full details]
Trade Date [Login to see full details]
Settlement Date [Login to see full details]
Maturity Date [Login to see full details]

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A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.

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