A&O Shearman has advised the Republic of Latvia, acting through the Treasury, on its U.S. dollar bond offering under its Global Medium Term Note Program

Published Date
Jun 19, 2024
The issuance of USD1.25 billion 5.125% notes due 2034 will be used for the refinancing of indebtedness and general funding purposes of the Issuer.

The Rule 144A/Reg S issuance represents a return of the Republic of Latvia to the U.S. market, being its first issuance of a dollar denominated bond since December 2012.

A&O Shearman partner Diana Billik said: “We are delighted to have supported the Republic of Latvia on its successful return to the 144A market after a pause of more than 10 years.  Our ability to transition seamlessly and rapidly across the U.S. and European capital markets supported the Republic’s strategic decision to access a tight funding window in times of market volatility.”

The A&O Shearman team comprises partners Diana Billik, Paris and Jamie Durham, London, supported by senior associate Aditya Vikram, associate Samantha Grayman, U.S. law clerk Chan Sriram and trainee Vanessa Chan.

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