COBALT advised Deutsche Bank, Goldman Sachs International and Société Générale in relation to a dual-tranche Eurobond transaction by the Republic of Latvia in an aggregate amount of EUR 350 million. The transaction completed Latvia’s financing requirement for 2017 in the international capital markets.
Latvia re-opened two of its Eurobonds – its 10-year Eurobond, increasing the outstanding amount of these bonds by EUR 150 million, and its 20-year Eurobond, increasing the outstanding amount by EUR 200 million.
According to the Treasury of the Republic of Latvia, the issuance was well received from more than 120 investors that were mainly from Europe (Germany, Austria, United Kingdom and other countries).
Legal assistance to the joint lead managers was provided by the COBALT banking and finance team led by Specialist Counsel Edgars Lodziņš.