A&O Shearman has advised the Republic of Latvia, acting through the Treasury, on its U.S. dollar bond offering under its Global Medium Term Note Program

The Rule 144A/Reg S issuance represents a return of the Republic of Latvia to the U.S. market, being its first issuance of a dollar denominated bond since December 2012.

A&O Shearman partner Diana Billik said: “We are delighted to have supported the Republic of Latvia on its successful return to the 144A market after a pause of more than 10 years.  Our ability to transition seamlessly and rapidly across the U.S. and European capital markets supported the Republic’s strategic decision to access a tight funding window in times of market volatility.”

The A&O Shearman team comprises partners Diana Billik, Paris and Jamie Durham, London, supported by senior associate Aditya Vikram, associate Samantha Grayman, U.S. law clerk Chan Sriram and trainee Vanessa Chan.