Press Release

MARF registers a commercial paper programme by SACYR

3 October, 2017
  • For a maximum outstanding amount of €250 million
  • Twenty-first commercial paper programme in the market and eighth by a listed company
  • The  value of issues in the commercial paper segment since the creation of MARF in 2013 exceeds €5 bn and the maximum outstanding amount of the listed programmes is close to €2.4 bn

The Mercado Alternativo de Renta Fija (MARF) today registered a Commercial Paper (CP) Programme by SACYR for a maximum outstanding amount of €250 million. This is the twenty-first commercial paper programme in this market and the eighth by a listed company, representing a combined value of CPs issued since the creation of MARF in 2013 in excess of €5 bn and a maximum outstanding amount of listed programmes of €2.4 bn.

Banca March participates as Sole-Lead Arranger and placement entity for the CPs that will be issued, besides being the Registered Advisor and the payment agent for the programme. White & Case has legally advised the issuer during the Registration of the programme with MARF.

SACYR leads a multinational group that develops its activities in the construction, infrastructure management, environmental services, water management, maintenance and industrial sectors, which encompasses activities related to the areas of energy, environment, mining, oil & gas and electrical infrastructures.

The Group has maintained an international strategy since the mid-90s and currently has presence in 29 countries through the 296 companies that make up SACYR, which employ 26,000 people.

The consolidated revenues of the SACYR Group in 2016 totalled €2.8 billion on EBITDA of €360 million. At year-end, its backlog of projects pending execution exceeded €25.9 billion.

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