The Andorran Council of Ministers approved a new bond issue worth a total of 100 million euros to refinance the public debt.
Terms of issue:
Issuer: The Government of Andorra
Number of shares issued: 100,000
Instrument Category: Zero Coupon
Term of promissory notes: bonds for 12 months
Fixed interest rate: zero coupon
Income from depreciation: 0.65% per year
Issue price: 993.54 euros
The release date is 17th October, 2017.