RIGA, June 4 (Xinhua) -- Latvia has raised 1 billion euros (1.16 billion U.S. dollars) through a seven-year government sustainable bond issuance, Latvia's State Treasury said on Thursday.
The bonds, issued on June 3, were sold at a yield of 3.525 percent with a coupon rate of 3.5 percent. More than 70 investors participated in the offering.
The issuance marks Latvia's second sovereign sustainable bond sale under its Sustainable Bond Framework and is aimed at supporting the country's sustainable development goals, including its commitment to achieving climate neutrality by 2050 and advancing a sustainable and socially inclusive economy.
According to the State Treasury, the framework, introduced in 2021, enabled Latvia's debut sustainable bond issuance on international capital markets later that year, when it raised 600 million euros (697 million dollars) through a six-year bond sale.
The Treasury also noted that international rating agency Sustainable Fitch has assigned the renewed Sustainable Bond Framework its highest possible rating for alignment with international standards and market best practices. ■