MARF registers a 150 million-euro commercial paper programme from TSK

MARF, BME’s Fixed Income market, today registered a new commercial paper (CP) programme by TSK Electrónica y Electricidad through which the company opens a new line for the diversification of its short-term financing sources. The new programme for continued issuance of CPs will allow TSK to have an outstanding balance of up to 150 million euros available.

Banca March acts as Sole-Lead Arranger and Placement Entity for the Programme. In addition, it will be TSK’s Registered Advisor in MARF. J&A Garrigues has acted as legal advisor to the issuer in this operation.

TSK Electrónica y Electricidad is an industrial group that acts as an integrated operator and participates in the entire value chain of the projects and installations it carries out. It is organised into six business units linked to the conventional and renewable energy sector, design and construction of industrial plants, the environment, electrical infrastructures, handling and storage, oil & gas and exploitation of solar power plants.

Since its incorporation, in 1985, Grupo TSK has expanded its geographical scope of operations to over thirty countries in 2017, with nearly 50 dependent companies worldwide. Last year it reached a consolidated sales figure of 963 million euros.