Latvia May Sell Bonds After Euro Nod, Finance Minister Says

Latvia may sell bonds in euros or other currencies in the second half of this year after the country wins approval to adopt Europe’s common currency, Finance Minister Andris Vilks said.

The government anticipates an invitation to join the euro in late June or early July, which may spark credit-rating upgrades, making the country’s debt more attractive to investors, Vilks said in a May 11 interview in Istanbul during the annual meeting of the European Bank of Reconstruction and Development. The government doesn’t “need to hurry” as it has a “large buffer,” he said.