Banca March mandated as arranger of a new €50 million MARF commercial paper programme for Aludium
08 July 2022 Category: Banca March
The programme has been registered today on the Alternative Fixed Income Market (MARF), with Banca March acting as arranger, paying agent and dealer.
- The short-term fixed-income programme was registered today on the MARF.
- Banca March has cemented its position as the leading arranger and dealer for short-term programmes in the Spanish market.
- The Aludium programme is confirmation of the growing interest among Spanish companies in seeking alternative finance in the capital markets.
Banca March has been mandated as arranger of a new short-term fixed-income programme for ALUDIUM TRANSFORMACIÓN DE PRODUCTOS, S.L.U. for a maximum amount of 50 million euros. The programme has been registered today on the Alternative Fixed Income Market (MARF), with Banca March acting as arranger, paying agent and dealer.
The securities issued will be denominated in euros and may have different maturity dates of up to 24 months. Aludium will use this programme as an alternative to bank financing. This programme has confirmed the growing interest among Spanish companies in seeking alternative finance in the capital markets.
Banca March is now the leading bank in the Spanish short-term debt market, participating in 49 programmes for Spanish issuers on the MARF and the Irish Stock Exchange. For most of these transactions, the bank has undertaken all three of the key commercial paper market roles: arranger, agent bank and dealer.
Banca March is the arranger for 27 of the 83 programmes currently trading on Spain's MARF, 34% of the total, and is the dealer on 41 of the 83 programmes, 51% of the total. In terms of volume, at the end of June, 41% of the outstanding market balance had been placed by Banca March's institutional distribution desk, accounting for €2.02bn out of a total of €4.89bn.
Banca March provides these services on short-term fixed income programmes for Elecnor, Tubacex, DS Smith Spain, Barceló, Acciona, IM Fortia 1, Gestamp, Fluidra, Ulma, Sacyr, Euskaltel, Viesgo, Grupo Jorge, TSK, Cie Automotive, Coren, Pryconsa, Sidenor, Sorigué, Abertis, Insur, Urbaser, Ormazabal, Cellnex, Maxam, FCC, Meliá, Vidrala, Grupo Gransolar, FCC Servicios Medioambiente, Técnicas Reunidas, Cementos Molins, Ultracongelados Virto, Teknia, Nexus Energía, Cobra, Audax Renovables, García Munté Energía, Ontime, Amper, Acciona Energía, Zener Encitel, Masmóvil, Avatel, Greenalia, La Sirena, Grupo Ortiz, Network Steel, Alquiber and Aludium.