In October 2014 the term of placement of the Government of Andorra bonds for 18 months was over. The results of bond flotation showed that by the analogue with previous issues the demand has outreached the supply.
Commenting on that issue, the Minister for Finances of Andorra (Pyrenees) Jordi Cinca emphasized that “successful bond flotation of this year confirms our plans for further state debt refinancing”.
It should be recalled that the bonds were placed for the sum of 85 mln euro, the security papers pay-back is 1.5% per year, that will be paid in the end of circulation term on 15th April, 2016.
See also Taxes in Europe
See also Taxes in Andorra VS Taxes in France
See also Taxes in Andorra VS Taxes in Spain
