Cobalt has advised Deutsche Bank, Goldman Sachs International, and Societe Generale 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.
Cobalt reports that, "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)."
The Cobalt team was led by Specialist Counsel Edgars Lodzins.
The Treasury of the Republic of Latvia was not assisted by outside counsel.