Banca March mandated as arranger of new €50m commercial paper programme on Spain's MARF for García Munté Energía
15 June 2021 Category: Banca March
Banca March has been mandated as arranger of a new short-term fixed-income programme for García Munté Energía, S.L. for a maximum amount of 50 million euros.
- The short-term fixed-income programme was approved today by the MARF.
- Banca March has cemented its position as the leading arranger and dealer for short-term programmes in the Spanish market.
- The García Munté Energía programme evidences the growing interest among Spanish companies in securing alternative finance in the capital markets.
Banca March has been mandated as arranger of a new short-term fixed-income programme for García Munté Energía, S.L. 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 exclusive dealer.
The securities issued will be denominated in euros and may have different maturity dates of up to 24 months. García Munté Energía will be able to harness this programme as an alternative to bank financing.
Banca March is now the leading bank in the Spanish short-term debt market, participating in 39 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 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, Buran Energy IM1, FCC, Meliá, Vidrala, Logitravel, Grupo Gransolar, FCC Servicios Medioambiente, Técnicas Reunidas, Cementos Molins, Ultracongelados Virto, Teknia, Cobra, Audax Renovables and García Munté Energía.