LONDON, April 24 (IFR) - The Republic of Latvia has set final guidance of 120bp-125bp over mid-swaps on a 10-year euro-denominated benchmark bond, according to a source.
The bond will price in range. Books are now closed with demand at over 3.6bn.
Final guidance compares with official guidance of 125bp area over mid-swaps and 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 Abhinav Ramnarayan; Editing by Sudip Roy)