All Andorra news / Business and Economy

The Andorran Council of Ministers approved a new bond issue worth a total of 125 million euros to refinance the public debt

The Andorran Council of Ministers approved a new bond issue worth a total of 125 million euros to refinance the public debt. It was announced by the minister of Finance of Andorra, Jordi Cinca.

So the Andorran government has resumed issuing bonds for 100 million euros, issued in September 2017, increasing the amount of 25 million euros.

Terms of issue:

Issuer: The …

More
All Andorra news / Business and Economy

The government of Andorra issues bonds worth a total of 100 million euros to refinance the public debt

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
Number of shares issued: 100,000
Instrument Category: Zero Coupon
Forms of promissory notes: 18 months
Fixed interest …

More
All Andorra news / Business and Economy

The government of Andorra decided to issue bonds to repay the public debt in the amount of 100 million euros

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 …

More
All Andorra news / Business and Economy

The Andorran Council of Ministers approved a new bond issue worth a total of 100 million euros to refinance the public debt

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 …

More
All Andorra news / Business and Economy

Andbank announced about contingent convertible bonds issue for the purpose of purchasing of Banco Inversis

One of five Andorra’s banks – Andbank – announced issue of so-called CoCos bonds and placement of bond issues for its clients. The purpose of bond issue is obligations purchasing of Inversis financial group as part of further foreign banking expansion. Expected volume of bond issuance is from 30 to 50 mln euros.

«CoCos» are the …

More
All Andorra news / Business and Economy

Day Star Wealth Management (Suisse) SA—a Swiss financial group, that 100% belongs to Andorran shareholders, announced the issue of bonds for the sum of 70 mln Swiss francs

Day Star Wealth Management (Suisse) SA—a Swiss financial group, that 100% belongs to Andorran shareholders, announced the issue of bonds for the sum of 70 mln Swiss francs. The bonds will be placed on the market by means of public subscriptions for 10-year term (bond expiry date—the end of 2024). Annual bond yield is 5,125%.

Day …

More