Thu, 3 Feb 2011: Vilks optimistic on bond sales…



18 in an interview in Brussels. While the amount of the offering hasn’t been determined, it may be as much as 1.5 billion euros, he said. The supplemental budget “is demanded by the international side, the credit rating agencies and investors,” Vilks said. “This is up to us, and I hope we will be able to deliver.” Latvia’s two-party coalition government, which holds 55 seats in the 100-member parliament, is divided over where to find additional savings, said the news Web site Ir.lv. Latvia last tapped the Eurobond market in March 2008, when it sold 400 million euros of bonds due 2018. The yield on that bond fell 2 basis points on Jan. 18 to 5.209 percent, compared with almost 12 percent in March 2... Read the rest of this entry »

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