Latvia Considering Yen-Denominated Bond Next Year, Vilks Says

Latvia is considering selling yen-denominated debt next year to broaden the Baltic country’s funding base to Asian investors, Finance Minister Andris Vilks said.

“Most likely it would be worth it to consider selling Samurai bonds next year,” said Vilks to reporters in Riga today. “Obviously, its worth it to work with these investors so that they will become regular buyers of Latvian bonds.”

Vilks had meetings with investors in Hong Kong, Singapore and Japan earlier this year, he said. The Baltic country has delayed a separate unrelated bond sale this year since interest rates have not fallen enough to reflect credit rating upgrades and the passing of the 2013 budget, according to Vilks.

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