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Banca March - Crecemos con valores, crecemos juntosNews

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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

11/12/2019

Banca March to coordinate 25 million-euro commercial paper issuance on Spain's MARF for Sidenor Aceros Especiales, S.L.U.

  • Sidenor will be able to undertake short-term issuances under the conditions stipulated in this programme for the next 12 months.
  • Thanks to this transaction, Banca March has cemented its leadership position as a coordinator of fixed income issuances.
  • At 31 October 2019, Banca March had placed over 4.91 billion euros in short-term securities in capital markets, which is 4x higher than the volume placed in the whole of 2018.
  • This programme evidences the growing interest in the capital markets as a source of alternative financing.

Banca March has registered a short-term fixed income programme for the Sidenor Aceros Especiales, S.L.U. for a maximum amount of 25 million euros, which has been approved today by Spain's Alternative Fixed Income Market (MARF). Banca March is acting as registered advisor, as well as bookrunner and agent bank on the transaction.

Securities issued through this programme may be denominated in euros and have different maturity dates. Sidenor will therefore be able to harness this programme as an alternative to bank financing.

Alternative funding for businesses

One of Banca March's core strategic lines in the Corporate area is to advise its clients on identifying alternative sources of funding, such as commercial paper and bond issuances on the MARF and the Irish Stock Exchange. To this end, the bank created its Capital Markets business unit in early 2013.

Banca March continues to be one of the most active financial institutions in the market in short-term issuances for both unrated Spanish companies and those with investment grade or high yield ratings. It has worked on the following programmes:

  • MARF commercial paper programme for Elecnor worth 300 million euros: registered advisor and bookrunner.
  • MARF commercial paper programme for Tubacex worth 150 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Europac worth 300 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Barceló worth 200 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Maxam worth 100 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Gestamp worth 150 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Fluidra worth 75 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Ulma worth 50 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Sacyr worth 250 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Siro worth 50 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Jorge Pork worth 75 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for TSK worth 150 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Sorigué worth 50 million euros: bookrunner
  • MARF commercial paper programme for IM Fortia 1 worth 400 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for Buran Energy IM 1 worth 300 million euros: registered advisor and bookrunner
  • AIAF commercial paper programme for Abertis worth 500 million euros: bookrunner
  • European Commercial Paper (ECP) programme in Ireland for Acciona worth 1 billion euros: Dealer.
  • European Commercial Paper (ECP) programme in Ireland for Euskaltel worth 200 million euros: Dealer.
  • European Commercial Paper (ECP) programme in Ireland for Viesgo worth 300 million euros: arranger and dealer.
  • European Commercial Paper (ECP) programme in Ireland for Cie Automotive worth 300 million euros: arranger and dealer.
  • European Commercial Paper (ECP) programme in Ireland for Cellnex worth 500 million euros: Dealer.
  • European Commercial Paper (ECP) programme in Ireland for FCC worth 600 million euros: Dealer.
  • European Commercial Paper (ECP) programme in Ireland for Meliá worth 300 million euros: Dealer.
  • European Commercial Paper (ECP) programme in Ireland for Abertis worth 1 billion euros: Dealer.
  • MARF commercial paper programme for Insur worth 50 million euros: bookrunner
  • MARF commercial paper programme for Urbaser worth 200 million euros: bookrunner
  • MARF commercial paper programme for Coren worth 50 million euros: registered advisor and bookrunner
  • MARF commercial paper programme for PRYCONSA worth 100 million euros: registered advisor and bookrunner

At 31 October 2019, Banca March had placed over 4.91 billion euros in short-term securities in capital markets, which is 4x higher than the volume placed in the whole of 2018.

Thanks to the addition of recent programmes, Banca March has cemented its position as the number one registered advisor and bookrunner for short-term fixed income placements in the Spanish market.

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