The Andorran government holds an auction for the emission of public debt on bonds worth 100 million euros

The Andorran government holds an auction for the emission of public debt on bonds worth 100 million euros

The Andorran government holds an auction for the emission of long-term public debt in the form of bonds on June 3, 2019, in the amount of 100 million euros.

The first tranche of 50 million euros is intended for legal entities. The second tranche of 50 million euros is intended for all interested investors.

The amount of the nominal value corresponding to the aggregate of applications filed by various banking organizations doubly exceeded the maximum nominal amount of the issue. The requested amount is 278,333,000 euros, which is more than 200% of the auctioned 100 million euros.

Conditions

Issuer: Andorran government

Number of issued titles: 100,000

Period of circulation: 18 months

Yield from depreciation: 0.75% / year.


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