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Cobalt Advises Joint Lead Managers on EUR 750 Million Republic of Latvia Eurobond Issuance

Cobalt Advises Joint Lead Managers on EUR 750 Million Republic of Latvia Eurobond Issuance

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Cobalt, working with Clifford Chance, has advised joint lead managers Deutsche Bank, Citigroup Global Markets Europe, Erste Group, and Nomura Financial Products Europe on the EUR 750 million issuance of five-year eurobonds by the Republic of Latvia. Allen & Overy reportedly advised the Treasury of the Republic of Latvia.

"According to the Treasury of the Republic of Latvia, the eurobond issuance benefitted from one of the largest order books since 2015 reaching EUR 3.7 billion," Cobalt informed. "There was interest from more than 140 investors. Bonds were allocated mainly to investors from European countries, for example, the UK, Germany, Austria, the Nordic countries, France, Benelux, and others."

Cobalt had recently advised the same joint lead managers on Latvia's previous EUR 850 million issuance of four-year eurobonds (as reported by CEE Legal Matters on November 11, 2022).

The Cobalt team was led by Partner Edgars Lodzins.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.