Latvia taps 2049s for €300m flat to curve

Latvia Riga source Fotolia 230x150
By Lewis McLellan
21 May 2019

Latvia re-opened its 2049 line on Monday, bringing the total to €1bn with a tap that came almost flat to its curve and completed its funding programme for the year.

Citi, Crédit Agricole and Goldman Sachs ran the book for the tap of Latvia’s February 2049 Reg S benchmark. The size was capped at €300m. Initial price thoughts were set at 80bp area over mid-swaps. With a book of more than €650m, the leads revised ...

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