• 38 companies have already used this financing formula during this BME market’s first five years of operation
Global Dominion Access has registered a new Commercial Paper Programme in MARF, BME’s Fixed Income market. With this new financing tool the company will have a maximum outstanding balance over the next 12 months of up to 75 million euros and can issue commercial paper with amortisation terms of between three days and 24 months.
Bankia, Banco Santander and Norbolsa act as Co-Managers and Placement Entities of the Programme. PKF Attest is Dominion’s Registered Advisor in MARF and law firm GBP-Legal has provided legal advice to the issuer on launching the programme.
Gonzalo Gómez Retuerto, Managing Director of MARF, stated that "the Commercial Paper Programmes of this BME market have become a useful and very flexible financing formula for companies, since they allow them to adapt the volumes issued to their financial needs". During its five years of operation, MARF has registered programmes from 38 companies that have already launched issues in this market.
Global Dominion Access was incorporated in 1999 and over its 20 years of history has become a major provider of multi-technology services and specialised engineering solutions for the telecommunications sectors, in industrial facilities (high structures, assemblies of pipelines, gas and combustion systems and coatings) and in the field of wind and photovoltaic renewable energies. It has presence in 38 countries. Europe accounts for 60% of its sales, America for 29% and Asia and Oceania, for the remaining 11%.
In 2018 Dominion reported a consolidated turnover of 1.08 billion euros and an EBITDA of 72.4 million. The company has been listed on the stock exchange since 2016 and is an IBEX Small Cap index constituent.