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Latvia borrows at favorable rates

  • 2014-02-05
  • From wire report
RIGA - The Latvian government successfully issued seven-year bonds, raising 1 billion euros (note: not lats) in a Jan. 14 auction; the annual interest rate was set at 2.625 percent with the paper yielding 2.815 percent, said Finance Ministry, reports LETA. Investors can’t get enough of Latvian bonds, it seems. Strong interest for the issue meant that demand outstripped supply four-to-one.Finance Minister Andris Vilks (Unity) was pleased at the first issue of government bonds by Latvia as a eurozone member, as well as the major interest the bond issue generated on the internati...
 
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