RIGA, May 14 (Xinhua) -- The State Treasury of Latvia issued five-year eurobonds on Wednesday to raise 1 billion euros (1.12 billion U.S. dollars) on international financial markets.

According to the organization, the bonds were issued with a yield of 2.971 percent and a fixed coupon rate of 2.875 percent.

Investor interest was strong, with demand exceeding 3 billion euros (3.36 billion U.S. dollars), more than three times the issue volume, said the organization. The bonds were purchased by 90 investors across Europe, including Germany, Britain, Belgium, the Netherlands, Luxembourg, and the Nordic countries.

The lead managers for the issuance were BNP Paribas, Goldman Sachs Bank Europe SE, and JP Morgan.

In September 2024, Latvia raised 600 million euros by issuing eurobonds on the international market. (1 euro = 1.12 U.S. dollars)