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Cobalt and Clifford Chance Advise on EUR 650 Million Dual-Tranche Eurobonds Issue by Republic of Latvia

Cobalt and Clifford Chance Advise on EUR 650 Million Dual-Tranche Eurobonds Issue by Republic of Latvia

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Cobalt and Clifford Chance's London office have advised J.P. Morgan, Citigroup Global Markets Limited, and Natixis as the joint lead managers on an issue of the dual-tranche Eurobonds by the Republic of Latvia in a total amount of EUR 650 million. Allen & Overy advised the Republic of Latvia on the deal.

A new ten-year Eurobond with a size of EUR 350 million was issued at a  1.148% yield, and a 30-year Eurobond maturing in February 2047 was reopened at a 1.938% yield, increasing the outstanding amount by EUR 300 million.

The Cobalt team consisted of Partner Sandija Novicka and Counsel Edgars Lodzins.

The Clifford Chance team consisted of Partner David Dunnigan and Senior Associate Eric Green.

Allen & Overy did not reply to an inquiry about the deal.

Image source: newtelegraphonline.com

 

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