FAQ

Follow Cbonds

Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Latvia: bonds

In Latvia the fixed income market is small by international standards, yet it has developed a versatile legislative framework and adequate institutions. The Latvian fixed income market is formed by the governmental bonds, mortgage bonds, and corporate bonds. In 2008 these segments took s 73 %, 16 %, and 11 %, respectively. Government bonds strongly dominate the Latvian capital market in the aspect of both amount and liquidity.

Development of Latvia's government bond market started in December 1993. Since 1999, government bonds have been actively traded at the Riga Stock Exchange. The attractiveness of Latvian government bonds is determined by the good country rating and the fact that the volume of the non-government bonds is not large.

One of the basic features of Latvia's capital market is the preference that non-financial enterprises have for banks' credit over the issuance of bonds. Bond yields are usually higher than credit interest rates, therefore issue of bonds is not attractive to companies. Banks are the most active issuers in the corporate bond segment.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
EUR 17 7 413 296 577
USD 2 1 750 000 000
corporate
EUR 50 863 521 980
USD 19 1 004 123 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
mogo AS, 9.5% 11jul2022, EUR - International bonds XS1831877755 9.5% 75 000 000  EUR 11/08/2018 07/11/2022
Latvia, 2.25% 15feb2047, EUR - International bonds XS1566190945 2.25% 1 000 000 000  EUR 09/05/2018 02/15/2047
Latvia, 1.125% 30may2028, EUR - International bonds XS1829276275 1.125% 500 000 000  EUR 09/05/2018 05/30/2028
Latvia, 1.375% 16may2036, EUR - International bonds XS1409726731 1.375% 850 000 000  EUR 06/01/2017 05/16/2036
Latvia, 0.375% 7oct2026, EUR - International bonds XS1501554874 0.375% 950 000 000  EUR 06/01/2017 10/07/2026
4Finance, 10.75% 1may2022, USD - International bonds XS1597294781 10.75% 325 000 000  USD 04/12/2017 05/01/2022
4Finance, 11.25% 23may2021, EUR - International bonds XS1417876163 11.25% 150 000 000  EUR 11/21/2016 05/23/2021
Latvia, 0.5% 15dec2020, EUR - International bonds XS1333704713 0.5% 550 000 000  EUR 11/30/2015 12/15/2020
Latvia, 1.375% 23sep2025, EUR - International bonds XS1295778275 1.375% 500 000 000  EUR 09/16/2015 09/23/2025
4Finance, 11.75% 14aug2019, USD - International bonds XS1092320099 11.75% 200 000 000  USD 08/08/2014 08/14/2019

World Bond Market Indicators

Monthly indices

Type Oct 2018 Sep 2018 Aug 2018 Jul 2018 Jun 2018 May 2018 Apr 2018
EU Long-term interest rates
Latvia, %   1.01 0.94 0.95 1.06 0.93 0.86 0.80
show other indices

World Bond market statistics

Quarterly indices

Type I 2018 IV 2017 III 2017 II 2017 I 2017 IV 2016 III 2016
BIS volume of international-bond market of emerging countries
Latvian international bonds, USD bln 10.800 11.100 10.900 11.000 9.100 9.100 8.000
BIS net issues of international-bond market of emerging countries
International-bond net issue of Latvia, USD bln -0.500 0.000 -0.400 1.400 0.100 1.500  

New issues of Emerging markets International Bonds

Yearly indices

Type 2017 2016 2015 2014
Annual new International Bonds issues (Eastern Europe)
Annual new issues of Latvia sovereign international bonds, USD bln 1.085 1.470 1.146 2.750
Annual new issues of Latvia corporate international bonds, USD bln 0.325 0.166 0.045 0.200
Annual new issues of Latvia corporate international bonds, (financial sector) USD bln 0.325 0.166 0.045 0.200
Annual new issues of Latvia corporate international bonds, (non-financial sector) USD bln 0.000 0.000 0.000 0.000

Emerging Markets International Bonds

Monthly indices

Type Oct 2018 Sep 2018 Aug 2018 Jul 2018 Jun 2018 May 2018 Apr 2018
Eastern Europe International Bonds Markets
International bonds of Latvia, USD bln 9.623 9.810 9.398 9.459 9.440 9.394 8.246
Corporate international bonds of Latvia, USD bln 0.683 0.689 0.689 0.691 0.690 0.632 0.638
Sovereign international bonds of Latvia, USD bln 8.940 9.121 8.709 8.768 8.750 8.762 7.607
show other indices

Credit Risk Indicators

Daily indices

Type: 01/06/2016 01/05/2016 01/04/2016 12/31/2015 12/30/2015 12/29/2015 12/28/2015
CDS Emerging markets (sov.) 
CDS 5Y Latvia mid * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Trial", "Cbonds Premium Partner", "Enhanced access Cbonds-Premium", "Cbonds-Premium Personal Light", "Cbonds-Premium Personal", "Cbonds-PRO EM", "Cbonds-PRO EM Personal", "Enhanced access Cbonds-PRO EM" required. Subscribe/Get trial access

Stock market (World)

Daily indices

Type: 11/12/2018 11/09/2018 11/08/2018 11/07/2018 11/06/2018 11/05/2018 11/02/2018
Stock market (Eastern Europe)
OMX Riga (Latvia)  950.06 949.66 949.02 949.94 950.69 952.33 957.04
show other indices

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Latvia, 0.5% 15dec2020, EUR   EUR 12/15/2020 05/18/2016 *** *.** 05/18/2016 ***.**** *.**
Latvia, 1.375% 16may2036, EUR   EUR 05/16/2036 05/18/2016 **.* *.** 05/18/2016 **.*** *.**
Latvia, 1.375% 23sep2025, EUR   EUR 09/23/2025 05/18/2016 ***.** *.** 05/18/2016 ***.* *.**
Latvia, 2.625% 21jan2021, EUR   EUR 01/21/2021 05/18/2016 ***.** *.** 05/18/2016 ***.**** *.**
Latvia, 2.750% 12jan2020, USD   USD 01/12/2020 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.**
Latvia, 2.875% 30apr2024, EUR   EUR 04/30/2024 05/18/2016 ***.*** *.** 05/18/2016 ***.* *.**
Latvia, 5.250% 16jun2021, USD   USD 06/16/2021 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
Latvia, 5.250% 22feb2017, USD   USD 02/22/2017 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Latvia, 5.50% 5mar2018, EUR   EUR 03/05/2018 05/18/2016 ***.*** -*.** 05/18/2016 ***.*** -*.**
4Finance, 11.75% 27mar2018, SEK   SEK 03/27/2018 05/18/2016 *** **.** 05/18/2016 *** **.*
* Registration required. Please log in or fill in the registration form.
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×