Banca March mandated as arranger of new €50 million MARF commercial paper programme for GRUPO ECOENER
29 November 2022 Category: General
- Banca March has cemented its position as the leading arranger and dealer for short-term programmes in the Spanish market.
- Banca March is the arranger for 32 of the 87 programmes currently trading on Spain's MARF and the dealer on 45.
- This programme for ECOENER underscores the growing interest among Spanish companies in securing alternative financing in the capital markets.
Banca March has arranged a new issuance of short-term green fixed income securities for GRUPO ECOENER, S.A. for a maximum amount of 50 million euros. The programme has been registered today on Spain's 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. Ecoener will use this programme as an alternative to bank financing. This programme underscores the growing interest among Spanish companies in securing alternative finance in the capital markets.
Banca March is now the leading bank in the Spanish short-term debt market, participating in 54 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 32 of the 87 programmes currently trading on Spain's MARF, 37% of the total, and is the dealer on 45 of the 87 programmes, 52% of the total. In terms of volume, at the end of October, 45% of the outstanding market balance had been placed by Banca March's institutional distribution desk, accounting for €1.84bn out of a total of €4.10bn.
To date, Banca March has provided services on the following programmes: 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, Arteche, Record Go, Pamesa, Atlantica Sustainable and Ecoener