MARF, BME’s Fixed Income market, today registered a new Commercial Paper (CP) programme by URBASER. This new funding framework allows the company - which makes its debut in this BME Fixed Income market - to issue CPs over the next 12 months with a maximum outstanding balance of 200 million euros. The securities to be issued under the Programme will have an individual nominal value of 100,000 euros and their issuance terms will range between 3 days and 2 years.
Banco Sabadell is URBASER’s Registered Advisor with MARF. Banco Sabadell and Banca March participate as Collaborating Entities in the Programme and will place the different issues among institutional investors. The issuer’s legal advisor for this transaction has been J&A Garrigues.
URBASER covers the entire environmental management value-chain and is one of the world’s leading environmental management business Groups.
The company is structured into four activity areas: Urban Services (municipal waste services, streets and beaches cleaning, and management of landscaped areas); Municipal Waste Treatment (design, construction, commissioning and maintenance of municipal solid waste treatment facilities through any type of technology); Treatment of Industrial Waste and Integral Water Management (collection, purification, desalination and return to the natural environment).
With consolidated sales of 1.85 billion euros as at December 31, 2018 the Group is the market leader in Spain, Portugal, Sweden, Finland, Denmark, Norway, Chile, Argentina and Bahrain. As of the end of 2018 the company had 31,213 workers.