| News | May 2021 | Cases&Lacambra has advised the Principality of Andorra on its first international global debt issuance |

Cases&Lacambra has advised the Principality of Andorra on its first international global debt issuance programme up to EUR 1,200,000,000 and the issue of EUR 500,000,000 sustainable notes under the programme.

The Principality of Andorra has issued EUR 500,000,000 10-year sustainable notes with 1.25 percent yield coupon that have been admitted to trading on the Luxembourg Stock Exchange.

Banco Santander, S.A. and Crédit Agricole Corporate and Investment Bank act as Co-Arrangers and Co-Managers.

The team advised the issuer as to Andorran law and was led by the managing partner Miguel Cases and the managing associate Laura Nieto. The advice also included partner Elena Redondo, and associates María Arroyos and David Tornil.