Mango registers its first commercial paper programme with MARF

MARF, BME’s Fixed Income market, today registered a 200 million-euro new Commercial Paper (CP) Programme from textile group Mango, through its operating company Punto FA. With this new financing tool the company will be able to raise funding in this BME Fixed Income market via the issuance of CPs, which will be placed among professional investors, with nominal per-unit values of 100,000 euros and maturities of up to 24 months .

Banco Sabadell and Banco Santander participate as Collaborating Entities for the placement of Mango’s CPs, issued under the Programme. Banco Sabadell is Mango’s Registered Advisor in MARF and Banco Santander will act as the issuer’s Payments Agent.

J&A Garrigues is the legal advisor of the issuer for the registration of the Commercial Paper Programme.

Punto FA is Grupo Mango’s operating company. Mango was incorporated in 1984 and since its inception the Group has been dedicated to the design, manufacture, distribution and marketing of clothing and accessories.

Currently Mango operates four business lines: Mango Woman, Mango Man, Mango Kids and Violeta by Mango, through which it develops its commercial activity.

Of the 2,183 stores owned by Mango Group at the end of 2018, 1,281 operate as franchises in 105 countries. The Group has a workforce of over 15,000 employees and in 2018 reported consolidated revenues of 2.23 billion euros.