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Latvia long 5-year mandate

EGB SYNDICATION
  • Latvia has announced a mandate for a new May-29 bond with the transaction to take place in the "near future" (MNI pencils in tomorrow).
  • This will be the third Latvian syndication of 2023 - following a E750mln 5-year transaction for the 3.50% Jan-28 held in January and a E750mln 10-year 3.875% Jul-33 bond launched in July.
  • The latest investor presentation implies that Latvia has already raised E2.6bln this year and plans to raise a further E800mln in Q4-23 (and then plans for E3.2bln in 2024). The MNI Markets team therefore pencils in a transaction size of E500mln.

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