riigilettetes

Riigilettetes refers to a specific type of Estonian government bonds. These are debt instruments issued by the Republic of Estonia to raise capital for public expenditure. They are considered relatively safe investments due to the backing of the Estonian state. The term itself is a combination of Estonian words, with "riigi" meaning state or government and "lettetes" implying a form of security or instrument.

These bonds are typically purchased by institutional investors such as banks, pension funds, and insurance companies, though retail investors may also have access. The issuance of riigilettetes is a tool used by the government to manage its finances, fund infrastructure projects, and cover budget deficits. The yields offered on these bonds are influenced by various economic factors, including interest rate policies of the European Central Bank, Estonia's credit rating, and the overall economic climate. Investing in riigilettetes provides a fixed income stream for the bondholder and the return of the principal amount upon maturity.