Andorra (Pyrenees) has approved the Decree for the resolution of the short-term public debt emissions of bonds for 100 million euros. Andorra also recalled that interest rates have gone from 0.60% to 0.45%.
The sum of the nominal value corresponding to the set of submitted applications has been more than triple the nominal amount of the issue. The amount requested was 341,512,000 euros of the 100 million euros auctioned.
The final conditions of the broadcast are as follows:
Issue: Government of the Principality of Andorra
Number of titles issued: 100,000
Instrument category: Zero coupon bonus
Formalization of debt: 12 months
Yield of amortization: 0.45% / year
Once the auction resolution has been approved, the Government will proceed to issue the registered global representative certificates of all the 100,000 bonds that have been subscribed and paid for an actual amount of 99,552,000 euros.
See also Andorra Business Guide
