In the course of bond flotation in Andorra the demand has outreached the supply by 15 mln euro

In October 2014 the term of placement of Andorran Government 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 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

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