Press Release

MARF admits to trading an issue by Globasol

18 May, 2016

New project bond issue

The Mercado Alternativo de Renta Fija (MARF) has registered a €45.3 million project bond issued by Globasol Villanueva 1 (Grupo Solaria) to cancel the debt associated with the existing project finance operation and refinance it, thus extending its maturity to 2037.

The bonds have a 4.20% annual coupon payable monthly and an individual nominal value of 100,000 euros, which will be reduced on a monthly basis until the bonds reach their maturity on 31 January 2037.

The issue has received a BBB- rating with stable outlook from credit rating agency Axesor Rating.

Beka Finance and Intermoney Valores have acted as Global Coordinators and Bookrunners for the bonds during the design, structuring and selling of the issue. Intermoney is Globasol’s Registered Advisor in MARF. Law firm Baker & McKenzie has advised the issuer and CMS Albiñana & Suarez de Lezo the Bookrunners.

Globasol Villanueva 1 SAU was incorporated in 2007 for the development, implementation and operation of the solar photovoltaic plant of 10 MW of nominal power that Solaria Energía y Medioambiente SA operates in Villanueva de la Serena (Badajoz). As the project manager, Solaria provides the plant - which has been operational since September 2008 – with the maintenance and operation services.  The company had a turnover of €6.74 million in 2015 and a profit for the same period of €3, 39 million.

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