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Cobalt Advises Joint Lead Managers on Issue of EUR 1.250 Billion Eurobond by Republic of Latvia

Cobalt Advises Joint Lead Managers on Issue of EUR 1.250 Billion Eurobond by Republic of Latvia

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The Latvian office of Cobalt, working alongside Clifford Chance, has advised joint lead managers Barclays, BNP Paribas, and Credit Agricole CIB on the issue of a ten-year EUR 1.250 billion Eurobond by the Republic of Latvia, setting a yield at 0.105% and a coupon of 0.000%. Allen & Overy reportedly advised the Republic of Latvia on the issuance.

According to the Treasury of the Republic of Latvia, the transaction sets several records, including being the lowest-ever long-term borrowing yield reached, and with the historically lowest long-term and the lowest coupon achieved by the Republic of Latvia in its Eurobond transactions.

According to Cobalt, “Eurobond offering was allocated to European investors, mainly asset managers and banks from Germany, France and the United Kingdom.”

Cobalt’s team was led by Specialist Counsel Edgars Lodzins.

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