The government of Andorra decided to issue bonds to repay the public debt in the amount of 100 million euros. This amount is almost three times higher than the nominal value of the previously submitted applications (the requested amount was 309.229.000 euros).
Terms of issue:
Issuer – the Government of the Principality of Andorra
Number of shares issued – 100,000
Tool category – zero coupon
Period of circulation – 12 months
The fixed interest rate is 0.65%.