Competitive bids auction of Latvian GMTN notes raises EUR 50 million

• Published date: 27 July 2022
• Publication title: LETA

RIGA, July 27 (LETA) - A competitive bids auction on Nasdaq Riga on Wednesday sold EUR 50 million worth of Latvian GMTN notes, the stock exchange informed.

Demand for the securities was 2.2 times greater than the supply from the Treasury.

The average weighed yield of the securities maturing October 7, 2026 was 2.077 percent (1.543 percent at the previous auction on May 18) and the total bid amount from the five participants at the auction was EUR 109.1...