Press Release

MARF registers a €50 million bond issue by AVINTIA

2 March, 2018

 

It is the fourth company to register issues in this BME’s market in 2018

MARF today registered a €50 million senior secured bond issue placed by Grupo Avintia through its subsidiary Avintia Proyectos y Construcciones. The issue, which has been placed among qualified investors, has a nominal unit value of €100,000, maturity in September 2020 and a 4% coupon. Rating firm DBRS has granted the issuer a rating of BB (low), stable outlook.

Avintia is the fourth company to register issues in this Fixed Income market, operated by BME, so far this year.

Abanca Corporación Bancaria has acted as Global Coordinator and Bookrunner of the issue, while Deloitte Financial Advisory will be Avintia’s Registered Advisor. The legal advisor of the issuer has been Garayar Abogados.

Avintia Proyectos y Construcciones is dedicated to the development of projects for residential development and construction, free and social housing, construction for the services, industrial and road infrastructure sectors, railways, car parks and water treatment. In addition to Spain, the Group also has a presence in Colombia and Peru.

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