Press Release

MARF registers a €150 million bond programme by Grupo Jorge

21 February, 2018
  • With this programme Grupo Jorge opens up an alternative way for diversifying its medium and long term funding sources, with a view to providing its financial resources with additional flexibility
  • MARF has 41 issuers, 27 of them are non-listed companies, which for the first time have accessed the capital markets thanks to this financing platform operated by BME

The Mercado Alternativo de Renta Fija (MARF) has registered a new bond programme by Jorge Pork Meat with a total value of €150 million, aimed at diversifying its funding sources and providing its financial resources with additional flexibility. With this bond programme in the next 12 months Grupo Jorge will be able to issue medium and long term senior unsecured bonds flexibly, with a maturity of up to 10 years, fixed or variable coupons and different cashflows and amortisation structures. The characteristics of each individual issue tranche will be determined during their placement and issuance among qualified investors.

Alantra Capital Markets is acting as Global Coordinator and Sole Bookrunner of the programme and is also its Registered Advisor. Alantra has placed two initial bond issues among international investors, each of them with a value of €25 million, one with 7 years term, 2.95% coupon and maturity in 2025, and the other with 10 years term, a 3.10% coupon and maturity in 2028.

The legal advisor of the issuer has been the DLA Piper, while Morgan Lewis has advised investors in the first two bond issues.

Grupo Jorge is one of the largest meat groups in Spain and ranks first as national exporter in the pork industry, with customers in about 80 countries. It is the 41st issuer in MARF. Of this total, 27 are non-listed companies that have taken advantage of the opportunities offered by this financing platform to access the capital markets for the first time.

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