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

andorra_bondsThe 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 financial institutions of Andorra:

 

 

nominal value
Bank “Credit Andorra”27.33227.332.000 €
Andbank12.43012.430.000 €
Morabanc43.63643.636.000 €
BancSabadell d’Andorra16.60216.602.000 €
Total:100.000€100.000.000

Submitted bids exceeded the amount of the nominal value of the issue of Government by 151.25%.

* Amount requested: 151.249.000
* The nominal value of the issue: 100.000.000
* Ratio: 151,25 %

The conditions of issue:

* Issuer: the Government of the Principality of Andorra
* The number of shares issued: 100.000
* The formalization of debt obligations: bonds up to 24 months (maturity April 13, 2018)
* Type fixed rate: zero coupon
* Rate: 1,00%/ year
* Issue price: EUR 980,35

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