RIGA, Sept. 5 (Xinhua) -- The Latvian government on Wednesday raised 350 million euros via two additional long-term Eurobond issues, local media reported, citing information from the Treasury.
The transaction concludes Latvia's borrowing program for this year, which already saw the launch of two earlier Eurobond issues, worth 650 million euros in total, in May.
The Treasury said the money would be used for this year's financing needs and a repayment of government debt due in 2019.
On Wednesday, the Treasury issued 150 million euros worth of 10-year bonds with a fixed coupon rate of 1.125 percent per year (0.997 percent yield) and 200 million euros worth of 30-year bonds with a fixed coupon rate of 2.25 percent (1.861 percent yield).
The additional bond issues, arranged by Citi, JP Morgan and Natixis, drew around 70 investors, mostly from European countries. Enditem
