|Latvia is going to place USD 1bn worth of 5-year Eurobonds amidst a high demand of about USD 5bn, Reuters reports citing a source close to the deal. At the same time while the initial price guidance stood at 5.625%, it declined to 5.375%-5.5%. FinMin is on the road-show to place the bonds since the beginning of February, issue being organised by HSBC, Deutsche Bank and JPMorgan. In June 2011 Latvia placed an issue of USD 500mn 10-year eurobonds yielding 5.491% annually. The placement was organised by Credit Suisse and Citi. Fitch rated the eurobond issue at BBB-, in line with the countrys sovereign long-term crediting rating. This made the first placement of eurobonds since the beginning of 2008.
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more