Cobalt has advised joint lead managers Barclays, J.P. Morgan, and Societe Generale on the Republic of Latvia's EUR 550 million Eurobond issuance. Allen & Overy reportedly advised the Republic of Latvia on the issuance.
“Given the emergency situation in the country, it is important to have available funding to finance all economic stimulus efforts and measures to support citizens," commented Latvia's Minister of Finance Janis Reirs. "It is important to overcome the COVID-19 crisis together to return to normal conditions. With this transaction we have raised long-term funding having favorable borrowing conditions and ensuring low and predictable long-term debt servicing costs.”
Cobalt's team was led by Specialist Counsel Edgars Lodzins.
