The Mercado Alternativo de Renta Fija (MARF), a new financing alternative developed by BME, admitted the first issue, launched by the company COPASA, through a senior unsecured bond placement, for a value of 50 million.
With a maturity of 5 years, it will have a nominal value per security of 100,000, a nominal interest rate of 7.5% and annual coupon payment. The issue is geared to qualified investors.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Didendum is the Registered Adviser that has helped COPASA to prepare the documentation necessary for the registration of the issue with the Market. The underwriters are as follows: Global Coordinator: Bankia; Bookrunners: Bankia, Bankinter, Banco Popular, Banco Sabadell and Caixabank. Co-leads: Arcano, Banco Madrid, Banco Etcheverría, Bankia Bolsa, KNG Securities and Renta Markets.
The issue has received a rating of BB on positive watch by the rating agency Axesor.
Gonzalo Gómez Retuerto, managing director of MARF, said: "This first transaction on MARF is the proof of the hard work we have been carrying out over the last few months preparing the regulatory framework and the infrastructure that supports the Market’s operations. We are especially proud of how quickly and diligently BME has developed this new financing alternative, with the first issue already trading on the market."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
