The Mercado Alternativo de Renta Fija (MARF), today admitted a new single bond issue by the telecommunications company Tecnocom, to the value of €35 million.
The life of the issue is five years and the nominal amount of the securities is €100,000, per unit, with an interest rate of 6.50%.
Banco Espírito Santo and Banco de Sabadell will act as Global Coordinators and Joint Bookrunners while Arcano Valores and Bankinter will act as Co-lead Managers. The issue is aimed at Spanish and foreign institutional and qualified investors.
The issue has received a rating of BB by Scope Corporation and BB+ by Axesor Ratings, both with positive outlook.
"We are pleased with this new issue on MARF by a listed company. Close to 80% of the listed companies have never issued Fixed Income and this issue shows that MARF is a suitable tool for access to company finance. We are confident that its flexibility will allow a wide variety of companies to tap this market to finance their projects and their growth, "said Gonzalo Gómez Retuerto, managing director of MARF."
