Latvia’s national airline, AirBaltic, has successfully issued a €340 million bond, marking the largest corporate bond offering in the country’s history. The bonds, which carry a 14.50% interest rate and mature in 5 years and 3 months, were met with strong demand from international and local investors, including the Latvian State. The orderbook reached €800 million, exceeding the supply. AirBaltic President and CEO Martin Gauss said the bond issue strengthens the airline’s position and provides liquidity for continued investments. The bonds will settle on May 14, 2024, and are expected to be listed on the Euronext Dublin stock exchange.