BBVA, Popular, Sabadell, Santander, Bankia and CaixaBank act as Managers.
El Corte Inglés has registered with MARF a Commercial Paper Programme with an outstanding volume of €300 million over a period of one year.
The maturity of the individual issues under this programme will vary from 3 working days up to 731 calendar days (two years at maturity) and their individual nominal amount will be €100,000.
BBVA, Banco Popular, Banco Sabadell, Banco Santander, Bankia and CaixaBank will act as Managers. The Registered Advisor for the Programme is PKF Attest. Linklaters has provided El Corte Inglés with legal advice in connection with the setting & registration of the Programme.
El Corte Ingles carries out its main operations through its department stores, hypermarkets, supermarkets and travel agencies. It also has activities in the areas of insurance, IT, financing services and other retail commercial operations. Its staff comprises over 91,000 employees throughout the Group’s companies. The company is the largest department store group in Europe by revenues, ranking fourth at world level (Source: Deloitte – “Global powers of retailing 2014”).
At end-2014 the Group’s net income totaled €14.5 billion and the consolidated net profit reached €118 million.