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 TreasuryView entire presentation