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 Government of Andorra
Number of shares issued: 125,000
Instrument Category: Zero Coupon
Term of promissory notes: bonds for 24 months
Fixed interest rate: zero coupon
Income from depreciation: 0.85% per year
Issue price: 983,21 euros
The release date is 13 April, 2018.
The date of entry into force of the Andorra Government Decree is March 28, 2018. The auction date is April 11, 2018. The final expiry date is April 13, 2020.