Government debt securities to be placed via the RSE

05.07.2005 RIG

Latvian Government T-bill competitive multi-price auction for the first time will be run on the Riga Stock Exchange SAXESS trading system on July 6, 2005; non-competitive fixed rate auction – on July 7, 2005.

State Treasury will offer Latvian Government Treasury bills, maturing on July 7, 2006. The issue value to be placed via competitive multi-price auction is up to LVL 8,000,000, whereas for non-competitive auction it is up to LVL 2,000,000. Any RSE member ( currently 17) may participate in primary placement auctions.

The RSE was selected a financial agent for primary placement of government debt papers, and is acting on behalf of State Treasury. Up to now, the competitive auctions were organized by the Bank of Latvia, and fixed rate auctions – by Latvian Central Depository.

The primary placement auctions of Latvian Government debt securities will be fully electronic and run on SAXESS trading platform, which is well-known to international financial intermediaries. Organizing primary placement auctions on the RSE will bring more transparency to the process, as well as credibility, and is expected to encourage more investors to invest.


For more information, please contact:
Inese Purgaile, Corporate Communications Specialist
Riga Stock Exchange
Phone: +371 7212431