Latvia plans to borrow another EUR 1bn by the end of the year, the State Treasury has announced. State Treasury office head Zanda Gintere noted that Latvia's need to borrow on international market in 2014 has been estimated at about EUR 2bn , taking to the account that Latvia needs to ensure resources also for the repayment of loan to the European Commission worth EUR 1.2bn due in January 2015 . On Tuesday, January 14 , Latvia placed an issue of 7-year sovereign Eurobonds worth EUR 1bn . The yield for the securities is 2.815%, while the demand for the bonds exceeded the supply 4-fold. FinMin Andris Vilks welcomed the placement as successful and the first placement for Latvia as the Eurozone member. He reminded that in March Latvia has to repay EUR 1bn loan which carries a higher interest of 3.125%. In December 2012 , Latvia successfully placed USD 1.25bn worth of 7-year Eurobonds at the record-low 2.889%. Latvia repayed EUR 716mn to IMF from the proceeds of the Eurobond issue. Latvia borrowed a total of LVL 820.2mn ( EUR 1.17mn ) from IMF and EUR 2.9bn from EC in late 2008
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