COBALT advised joint lead managers on issue of dual-tranche Eurobonds by the Republic of Latvia in a total amount of EUR 650 million

COBALT advised J.P. Morgan, Citigroup Global Markets Limited and Natixis as the joint lead managers on issue of dual-tranche Eurobonds by the Republic of Latvia in a total amount of EUR 650 million.

A new 10-year Eurobond with a size of EUR 350 million was issued at a yield 1.148 %, as well as a 30-year Eurobond maturing in February 2047 was reopened at a yield 1.938 % increasing the outstanding amount by EUR 300 million.

Comprehensive legal assistance, including advice on taxes laws to the joint lead managers was provided by COBALT Specialist Counsel Edgars Lodziņš and Partner Sandija Novicka.