Credit Andorra to redeem €150 million perpetual preference shares

By Rebecca Melvin

New York, Dec. 17 – Credit Andorra Preference Ltd. plans to redeem all €150 million of its series A euro CMS-Linked perpetual guaranteed preference shares on Dec. 22, according to a notice.

The price for the preference shares will be €101.123, which is comprised of €100 par and €1.123 accrued and unpaid dividends per bond.

After the redemption, dividends will cease to accrue, and the preference shares will be canceled.

Credit Andorra is a lender based in Andorra la Vella.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.