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.
