Announcement on the results of government debt securities primary placement auctions


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| ISIN code of the security               |  LV00005 32240   |  LV00005 40979  |
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| Date of competitive multi-price auction |    15.10.2008    |   15.10.2008    |
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| Settlement date                         |    17.10.2008    |   17.10.2008    |
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| Maturity date                           |    17.04.2009    |   04.09.2009    |
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| Supply value for competitive            |    24 000 000    |   16 000 000    |
| multi-price auction (LVL)               |                  |                 |
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| Total value bid at competitive          |    26 950 000    |    3 950 000    |
| multi-price auction (LVL)               |                  |                 |
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| Total value placed via competitive      |    22 950 000    |    1 950 000    |
| multi-price auction (LVL)               |                  |                 |
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| Number of participants at competitive   |        5         |        3        |
| multi-price auction                     |                  |                 |
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| Top admissible yield as specified by    |       9.00       |      9.50       |
| State Treasury (%)                      |                  |                 |
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| Average volume-weighted and top bid     | 8.683 % un 9.000 |   9.285 % un    |
| yield in executed bids (%)              |        %         |     9.498 %     |
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