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Cobalt Advises Joint Lead Managers on Dual Tranche Eurobond Taps by Republic of Latvia

Cobalt Advises Joint Lead Managers on Dual Tranche Eurobond Taps by Republic of Latvia

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Cobalt has advised Deutsche Bank, Goldman Sachs International, and Societe Generale in relation to a dual-tranche Eurobond transaction by the Republic of Latvia in an aggregate amount of EUR 350 million. The transaction completed Latvia’s financing requirement for 2017 in the international capital markets.

Latvia re-opened two of its Eurobonds – its 10-year Eurobond, increasing the outstanding amount of these bonds by EUR 150 million, and its 20-year Eurobond, increasing the outstanding amount by EUR 200 million.

Cobalt reports that, "according to the Treasury of the Republic of Latvia, the issuance was well received from more than 120 investors that were mainly from Europe (Germany, Austria, United Kingdom, and other countries)."

The Cobalt team was led by Specialist Counsel Edgars Lodzins.

The Treasury of the Republic of Latvia was not assisted by outside counsel.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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