Latvia’s State Treasury has raised EUR 1bn with a new bond issue on international financial markets, LSM reports. The government bonds have a maturity of seven years, carry a yield of 3.525%, and have a fixed coupon rate of 3.500%. The bonds were purchased by more than 70 investors, mostly European asset managers. Total investor demand exceeded EUR 2.4bn. The bonds will support Latvia’s sustainable development towards climate neutrality by 2050. The bonds will fund state budget spending on developing environmentally friendly transport, preserving biodiversity, cutting pollution, promoting social inclusion, and reducing inequality. The government issued the first six-year sustainability bonds in December 2024.
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