Latvia begins marketing 10-year bond at MS+135bp area

jueves 24 de abril de 2014 03:48 GYT
 

By Abhinav Ramnarayan

LONDON, April 24 (IFR) - The Republic of Latvia has opened books on a new 10-year euro-denominated benchmark bond, setting initial price thoughts of 135bp area over mid-swaps.

The sovereign, rated Baa2/BBB+/BBB+, is expected to price the deal later today via Barclays, Deutsche Bank and Natixis.

The maturity date has been set at April 30, 2024.

The last time Latvia issued a bond was in January, when it sold a 1bn seven-year note. That deal was its first in euros since the 2008 financial crisis.

Latvia joined the eurozone on January 1. (Reporting By Abhinav Ramnarayan; Editing by Sudip Roy)