BME’s Alternative Fixed-Income Market, MARF, has registered a new long-term bond program (Sustainability-Linked Senior Unsecured Notes Programme) from Ontime Corporate Union with a maximum amount of 100 million euros.
Ontime is taking a qualitative step with the possibility of issuing long-term debt, as it has been a recurring issuer in short-term fixed income with its commercial paper program (Sustainability-Linked Commercial Paper) on the MARF Market. This commercial paper program was initially registered in 2021 and currently has a maximum amount of 200 million euros.
Ontime’s Fixed-Income Program complies with the Sustainability-Linked Bond Principles (SLBP) of the International Capital Market Association (ICMA). It is also certified with a Second Party Opinion by Valora Consultores de Gestión.
Banca March is the Placing Entity, Paying Agent, and Registered Adviser for this long-term Ontime program on MARF.
Cuatrecasas is acting as the issuer’s legal advisor and Garrigues as the placer’s and agent’s legal advisor. Bondholders is the Trustee of the issuance, representing investors.
Ontime has a BB rating, with a stable outlook, in the medium and long term, from the rating agency EthiFinance Ratings.
Ontime Corporate Union is one of the leading logistics operators in Iberia, founded in 1991 in Madrid. In 2025 its revenue amounted to 1.05 billion euros and its EBITDA reached 103.6 million euros.
You can find more information about BME’s fixed-income markets on its website.