September 30, 2016 / 11:07 AM / 2 years ago

Latvia sets spread on expected 500m 10-year bond at MS+19

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)

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