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Clifford Chance says it advised managers on Andorra’s €500 million sustainability bonds
Clifford Chance said it advised Banco Santander, Citibank, Crédit Agricole and other managers on Andorra’s €500 million sustainability bond issuance. The firm said Andorra intends to use the proceeds for eligible green and social spending under its bond framework, including refinancing.
Key points
- The firm said the bonds carry a 3.875% coupon and mature on October 7, 2029.Clifford Chance
- Clifford Chance said the issuance falls under a €1.2 billion medium-term note program.Clifford Chance
- The firm said this marks Andorra’s first return to primary capital markets since 2022.Clifford Chance
- Clifford Chance said Antonio Henriquez and Anna Buscaglia led its cross-border team, with Marc Mehlen leading Luxembourg-law work.Clifford Chance