On Wednesday, 9 November, five-year domestic government bonds were offered with maturity 29 July, 2016. Total demand for government 5-yr T-Bonds in competitive multi-price auction achieved 24,43 million lats.
Government T-Bonds with the total value of 20,41 million lats were sold during the government domestic securities competitive multi-price auction. In competitive multi-price auction in 9 November maximum yield rate was set 4,50 %, weighted average yield rate was 4,232 %. (coupon 4,0%).
On Thursday, 10 November, non-competitive fixed rate auction took place. Total demand for 5-yr T-Bonds in non-competitive fixed rate auctions achieved 2,54 million lats.
In this placement 5-yr T-Bonds in a total nominal value of 2,54 million lats were sold.
The competitive and non-competitive fixed rate auction results in general demonstrates that investors are having a wait-and-see approach for investments decisions while there is tension in the international financial markets and debt crisis in Eurozone, particularly recent developments in several Eurozone countries.
Inese Aunina
Press secretary
Phone: +371 67094 324
e-mail: Inese.Aunina@kase.gov.lv
The Treasury
of the Republic of Latvia
Smilšu ielā 1
Rīgā, LV-1919
LATVIA
Phone: +371 67094 222
Fax: +371 67094 220
e-mail: kase@kase.gov.lv
www.kase.gov.lv