The Government of Andorra issues bonds worth a total of 100 million euros to refinance the public debt.
The bonds will be issued in two tranches: 50 million euros each.
The final release terms are as follows:
Issuer: The Government of the Principality of Andorra (Pyrenees)
Number of shares issued: 100,000
Instrument Category: Zero Coupon
Forms of promissory notes: 18 months
Fixed interest rate: zero coupon
Yield: 0.75% per year
Unit Price: € 988.86
Release date: December 1, 2017
The effective date of the decree on the issue of bonds is November 16, 2017,
The subscription will be completed on November 27, 2017 at 10:00.
The final redemption date is June 1, 2019.
See also Andorra business guide
