Latvia EUR1.25bn 0% March 31

By Mariam Meskin
11 Mar 2021

Rating: A3/A+/A-

Amount: €1.25bn Reg S

Maturity:17 March, 2031

Issue/reoffer price: 98.956

Coupon: 0%

Yield: 0.105%

Spread at reoffer: 9bp over mid-swaps

Launched: Wednesday, March 10

Payment date:March 17

Joint books: Barclays, BNP Paribas, Crédit Agricole

Market appraisal:

“…most people do not even see Latvia as an ‘emerging’ credit any more. Thanks to the ECB, its funding costs ...

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