Latvia sets official guidance at MS+125bp area for euro bond - lead
By Sudip Roy
LONDON, April 24 (IFR) - The Republic of Latvia has set official guidance at 125bp area over mid-swaps on a new 10-year euro-denominated benchmark bond, according to a lead banker.
This is 10bp tighter than initial price thoughts of 135bp area over mid-swaps announced earlier on Thursday.
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.
Latvia last issued a bond in January, when it sold a 1bn seven-year note. That deal was its first in euro since the 2008 financial crisis.
Latvia joined the eurozone on January 1. (Reporting by Sudip Roy, editing by Anil Mayre)
© Thomson Reuters 2017 All rights reserved.