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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 …

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