Banca March mandated as arranger of new 50 million euro MARF commercial paper programme for Record Go
11 July 2022 Category: Banca March
This programme has confirmed the growing interest among Spanish companies in seeking alternative finance in the capital markets.
- Banca March has successfully cemented its position as the leading arranger and dealer for short-term programmes in the Spanish market.
- Banca March is the arranger for 28 of the 84 programmes currently trading on Spain's MARF and the dealer on 42.
- The Record Go programme has confirmed the growing interest among Spanish companies in seeking alternative finance in the capital markets.
Banca March has acted as arranger on a new short-term fixed-income programme for RECORD GO ALQUILER VACACIONAL, S.A. for 50 million euros. The programme was registered on Spain's Alternative Fixed Income Market (MARF) on Friday. Banca March is acting as arranger, agent bank and dealer on the transaction.
The securities issued will be denominated in euros and may have different maturity dates of up to 24 months. Record Go 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 50 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 28 of the 84 programmes currently trading on Spain's MARF, 34% of the total, and the dealer on 42 of the 84 programmes, 50% of the total. In terms of volume, at the end of May, 39% of the outstanding market balance had been placed by Banca March's institutional distribution desk, accounting for €1.89bn 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, Aludium and Record Go.
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