Sept 30 (IFR) - The Republic of Latvia has set the spread on an expected 500m 10-year bond at 19bp over mid-swaps.
Order books are in excess of 1.5bn (excluding joint lead manager interest).
The sovereign started taking indications of interest at mid-20s over mid-swaps.
The Reg S deal is expected to be today’s business.
Barclays, Goldman Sachs and JP Morgan are the leads.
Latvia is rated A3/A-/A-. The bonds are intended to be eligible for the ECB’s PSPP. (Reporting by Robert Hogg; editing by Sudip Roy)