MARF Receives Its First Issue Launched By COPASA - To The Value Of € 50 Million

The Mercado Alternativo de Renta Fija (MARF), a new financing alternative developed by BME, today 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.

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.

“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”, said Gonzalo Gómez Retuerto, Managing Director of MARF.