- It involves the repatriation of the company's Commercial Paper Programme, which until now was listed on the Dublin Stock Exchange
- In the first six months of the year, the MARF registered issues of promissory notes worth 8,020 million euros, 11.1% more than in the same period of the previous year
CIE Automotive has registered the renewal of its Commercial Paper Programme on BME's fixed income market, MARF, for an amount of 400 million euro. The commercial paper to be issued under this programme will have unit notional amounts of €100,000 and maturities of up to 24 months. Until this renewal of the programme, CIE Automotive registered its Commercial Paper Programme on the Dublin Stock Exchange.
Banca March participates as Registered Advisor and Lead Arranger of the programme. In addition to Banca March itself, the Dealers of the programme are Norbolsa, Banco Sabadell, Banco Santander, PKF Attest and Bred Banque Populaire. Banco Santander will act as Paying Agent for the Commercial Paper Programme.
Cuatrecasas has collaborated as legal advisor in the registration of the programme.
Gonzalo Gómez Retuerto, Managing Director of Fixed Income at BME and Managing Director of the MARF, said: "It is a pleasure for us to welcome CIE Automotive to our fixed income market. We are delighted to have been able to collaborate with the company and the entities that support it in achieving its objectives in this Commercial Paper Programme on the MARF".
In the first six months of the year, the MARF registered issues of promissory notes worth 8,020 million euros, 11.1% more than in the same period of the previous year.
CIE Automotive is a Spanish multinational manufacturer of automotive components and systems founded in 1996.
The Group develops its business and product line through processes and technologies: aluminium injection, forging, iron casting, machining, tube stamping and forming and plastic injection and ceilings systems, which are used to manufacture components and sub-assemblies for all types of vehicle parts, such as: engines, transmissions, chassis and steering sets, both for the exterior and interior of the vehicle. CIE Automotive currently has 109 production centres located in 16 countries: Spain, France, Portugal, Germany, Italy, Czech Republic, Romania, Lithuania, Slovakia, Mexico, USA, Brazil, India, China and Morocco.
In 2021, the Group presented its "Strategic Plan 2025", which seeks to advance along the path of sustainable profitability and to this end established operational objectives linked to ESG criteria. CIE Automotive is listed on the IBEX Medium Cap® index.
At year-end 2023, CIE Automotive had consolidated revenues of €3,959.5 million and EBITDA of €713.2 million.
You can find more information about the MARF on its website.
