PRESS RELEASE

MARF registers a new commercial paper programme by AEDAS Homes

  • The company, whose debut on the Spanish Stock Exchange took place in October 2017, registers a 75 million-euro commercial paper programme
  • The total number of companies with commercial paper programmes in this market amounts to 28, with a maximum outstanding balance of 2.9 billion euros

MARF today registered a new commercial paper (CP) programme by AEDAS Homes with a value of up to 75 million euros, which brings the outstanding balance of the 28 companies with such programmes in this market to a maximum of 2.9 billion euros. Through this new financing tool, AEDAS may issue, over a year, individual tranches of CPs with nominal per-unit amounts of 100,000 euros, maximum terms of 24 months and whose specific conditions will be set in each placement.

Banco Santander, Banco Sabadell, Fidentiis and Norbolsa act as the Programme’s Bookrunners. PKF Attest is the Registered Advisor of AEDAS Homes and J&A Garrigues has legally advised the company in the registration with MARF.

AEDAS Homes, whose debut on the Spanish Stock Exchange took place in October 2017, is a new generation real estate developer specialising in the new residential properties market segment. The issuer was established in 2016 and operates through a holding company that has different subsidiaries serving the entire value chain of the real estate development activity in which it operates.

AEDAS operates in Andalusia, Madrid, the Spanish Mediterranean coast, Catalonia and Mallorca, where it has 2,227 real estate units for sale and 1,456 units under construction.