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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 …

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A two-day international financial summit with the participation of more than 200 representatives of banks and financial institutions of Europe and the USA has been opened in Andorra today

A two-day international financial summit with the participation of more than 200 representatives of banks and financial institutions of Europe and the USA has been opened in Andorra today. The main goal of the event is to tell the international community about the latest changes in the financial and tax system of Andorra on the …

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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 …

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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 …

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The Andorran Government announced a new bond issue in the amount of 150 million euros

The Andorran Government announced a new bond issue in the amount of 150 million euros.

The final terms of the following issue:
Issuer: Government of the Principality of Andorra
Number of issued shares: 150,000
Terms: 36-month bonds
Fixed interest rate: 1.15%
Interest due dates (annually):
19/12/2017
19/12/2018
19/12/2019

Date of entry into force of the Government – December 1, 2016, deadline for the submission of …

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Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable”

Standard & Poor’s agency raised its forecast of Andorra’s rating from “negative” to “stable” – now Andorra has a rating BBB- / A-3. This data is contained in the official agency report which states, however, that “the process of settlement of the conflict with the Banca Privada d’Andorra (BPA) by the authorities of Andorra has …

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The government of Andorra approved the second bond issue worth 100 million euros in accordance with the terms of the second program of issuance of government debt securities

The government of Andorra approved the second bond issue worth 100 million euros in accordance with the terms of the second program of issuance of government debt securities, reports the Government. According to the Minister of finances of Andorra Jordi Cinca, second edition is needed for collecting funds for the refinancing of public debt issuances …

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The Andorran government approved a resolution concerning the auction of emission of public debt in the long term of Principality in the form of bonds

The Andorran government approved a resolution concerning the auction of emission of public debt in the long term of Principality in the form of bonds, dated April 13, 2016. This resolution sets the nominal amount allocated for intermediaries who have applied for the auction by their own expense, at the expense of clients, and through …

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