Portrait of an Ascending Sovereign Credit
Domestic Market Continues to Perform Strongly
Demand in domestic market is very supportive trough challenging times, also during Covid-19 crisis
Domestic Securities (LV ISIN) Outstanding by Original
Maturity
4.9%
(as on September 30, 2021, %)
4.0% 0.3%
Millions
Securities via Primary Dealer system
110
86
88.3
83
78.8
73
70.5
64
59.75
60.556.4
59
140
116.75116.25
116.1
120
92
100.25106
100
24.8%
■2 years bonds
80
60
5 years bonds
40
20
■7 year bonds
0
10 years bonds
TAP2028
TAP2025
TAP2028
TAP2025
Jan
Savings bonds
40.5
TAP2028
TAP2026
TAP2025
TAP2031
TAP2031
TAP2025
TAP2028
TAP2031
TAP2029
TAP2029
TAP2028
TAP2029
TAP2029
TAP2031
33.5
TAP2031
TAP2025
Feb Mar Apr
May June July Aug Sept
2021
Oct
Nov
Bids total, million EUR Sold amount (Eurobond TAPS in domestic market)
Source: The Treasury
65.9%
Government domestic (LV ISIN) securities outstanding
by maturity (as on November 12, 2021, million EUR)
01.07.2027.
31.01.2025.
02.11.2023.
12.05.2023.
LV0000570182
(0%)
27.10.2022.
LV0000580058
(5.25%)
20.03.2022.
LV0000570166
(0.5%)
LV0000570158
(0.25%)
LV0000570174
(0%)
LV0000550101 (0%)
Source: The Treasury
Securities in the domestic market
Primary dealer system operates since 11 February 2013. On 19 January 2021
Erste Group Bank AG received Latvia's primary dealer status.
For several years Latvia has concentrated domestic supply mainly in 5-year
segment and focused on increasing the liquidity. In 2020 gross issuance volumes
largely increased.
On 14th of October 2020 for the first time GMTN programme Eurobonds TAPS
were offered in auction in domestic market only (via Primary dealers).
Currently re-openings of outstanding Eurobonds are offered on regular basis.
27.01.2022.
0
Source: The Treasury
31
LV0000570141
(0.375%)
100
200
300
400
500View entire presentation