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Investor Presentaiton

DEMAND IN THE DOMESTIC AUCTIONS CONTINUES TO BE SUPPORTIVE Liquidity of the outstanding Eurobonds is facilitated by TAP auctions in domestic market In 2022 the emphasis has been on the domestic market by borrowing largest ever volumes in relatively short period (millions, EUR) Domestic market continues to perform strongly in domestic auctions (BIDS/Sold amount ratio) 1400 1200 1000 800 600 400 200 0 -200 2017 2018 2019 2020 2021 2022 2023* ■Net issuance ■Gross issuance * Issued till June 30, 2023 32 Source: The Treasury as of 07.06.2023. Liquidity of bonds outstanding is increased by regular TAP auctions of XS ISIN bonds in domestic market 2049 1.875% 19/02/2049 2047 2.250% 15/02/2047 2036 1.375% 16/05/2036 2031 0.000% 17/03/2031 2030 0.250% 23/01/2030 2029 0.000% 24/01/2029 2028 3.500% 17/01/2028 2028 1.125% 30/05/2028 2027 3.875% 25/03/2027 2026 0.375% 07/10/2026 2025 1.375% 23/09/2025 2024 2.875% 30/04/2024 2023 0.125% 14/04/2023 0 500 ■Sustainability bond, issued in 2021 ■Eurobon international issuances (syndication) 5.00 4.00 3.00 1.96 2.00 3.89 1.73 1.68 1.63 1.00 July Aug Sept 2022 Okt Nov Jan Feb Mar Apr 2023 1.98 1.29 May June Source: The Treasury as of 30.06.2023. Savings Bonds - inclreasingly popular for retail investors 30 June, 2023 121.8 mEUR mil.EUR 140 120 Latvia Eurobonds Outstanding 100 80 (nominal amount, EUR million) 60 30 June, 2022 40 420 5.5 mEUR 20 0 Jun 2022 1000 1500 2000 TAPS of outstanding Eurobonds in domestic market 4.82 Sept 2022 Dec 2022 Mar 2023 Jun 2023 Source: The Treasury
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