Latvia on Tuesday raised 700 million euros via a new bond issue, the Baltic country's Treasury informed.

The yield of the 30-year bonds maturing in 2049 is 1.929 percent and the coupon is 1.875 percent. The bond issue was arranged by Citi, Credit Agricole and Goldman Sachs.

The Latvian securities were acquired by investors from more than 70 countries, mostly European ones, with demand for the securities considerably exceeding the supply.

According to the Treasury, the bond issue was launched at a favorable time on financial markets on good interest rates, which ensured low debt servicing costs.

This latest bond issue has provided the bulk of the total amount Latvia intends to raise on foreign markets this year. Enditem