Interest in Estonian government bonds turned out to be higher than expected, with nearly 180 investors wishing to subscribe to the bonds in excess of 7.2 billion euros. European banks, pension and investment funds are the main purchasers of the bonds.
According to the Minister of Finance Mart Võrklaev, the strong interest in our bonds shows that Estonia is considered a reliable country where long-term investments are secure. This also demonstrates investors’ positive assessment of Estonia’s public finances.
The proceeds from the sale of the bonds will be used to cover the general state budget deficit and replenish the liquidity reserve. Considering the projected state budget deficit for the coming years, similar issues can also be expected in the future. The bond issue was organised by Barclays, Citigroup and Nordea. The bonds are listed on Euronext Dublin.
