Riga Stock Exchange                                                              05.07.2005



Primary placement auctions of Latvian Government debt securities



RSE on July 6, 2005 will run a competitive multi-price auction in order to place Latvian 

Government Treasury bills LV0000540847. The bids will be accepted in SAXESS trading system, order 

book LVGA000006B, under sub-market OMX RSE FI New Issue Yield. The bids should specify the nominal 

value, yield, and the settlement details. Bids will be accepted till 13:00 (Latvia time). The 

auction results will be available on the RSE trading system at 13:30, in the respective order book, 

executed orders (“Trade window”). The T-bill total value to be placed via competitive auction is up 

to LVL 8,000,000.



RSE on July 7, 2005 will run a non-competitive fixed rate auction in order to place Latvian 

Government Treasury bills LV0000540847. The bids will be accepted in SAXESS trading system, 

on the above said order book LVGA000006B. The bids should specify the nominal value, fixed rate set 

by State Treasury (to be advised to you in the afternoon of July 6), and the settlement details. Bids 

quoting yields different from the one specified by State Treasury will be ignored. Bids will be 

accepted till 13:00 (Latvia time). The auction results will be available on the RSE trading system 

at 13:30, in the respective order book, executed orders. The T-bill total value to be placed via 

non-competitive auction is up to LVL 2,000,000.



On both auctions only own bids will be displayed to the respective member. 

July 8, 2005 is the settlement date for both auctions. The T-bills mature on July 7, 2006; the 

nominal value of one security is LVL 100. 

The procedure for primary placement and buyback of Latvian Government debt securities on the RSE 

trading system is described in the RSE Trading Specifications, Appendix 13. 



Additional information:

Egils Sturmanis, 

Senior Specialist, Trading and Surveillance 

phone +371 7 212 431; e-mail: egils.sturmanis@omxgroup.com