MARF lists a commercial paper programme by HT Nexus Securitization Fund

BME's Fixed Income Market, MARF, has today admitted to trading a commercial paper programme launched by HT Nexus Securitization Fund for a maximum amount of 50 million euros. HT Nexus is an open securitization fund, its asset will be integrated by credit rights originated by Nexus Energía and Yellow Energy, of Nexus Group, related to the commercialization of electricity, natural gas and other services associated with energy supply. Under this program, the Fund will be able to place commercial paper issues with maturities of up to two years to qualified investors and professional clients over the next twelve months.

Mirabaud Securities is the Lead Placement Entity of the program and Haya Titulización participates as Management Company of the Securitization Fund and Registered Advisor of the issuer in MARF. The Paying Agent for the commercial paper will be Cecabank.

The Legal Advisor of the issuer is Cuatrecasas Gonçalves Pereira and Linklaters has advised the Lead Placement Entity.

Axesor Risk Management has assigned a rating of A-(sf) to the commercial paper to be issued. This rating is mainly based on the credit insurance policy that the insurer COFACE will grant to the Fund's credit rights under the conditions set in the programme.

Securitizations currently represent 10,9% of the outstanding balance of this BME market, with a volume of 701 million euros. "This is the twelfth Securitization Fund to be registered in MARF, a market that since its creation in 2013 has sophisticated to adapt to the needs of companies and which is offering interesting financing opportunities to the energy sector," Gonzalo Gómez Retuerto, managing director of BME Renta Fija and the MARF says.

Founded in 2000, Nexus Energía operates in the energy market and provides electricity, natural gas and related services to households, SMEs and large companies. Yellow Energy is engaged in all types of activities related to the production and commercialization of electricity or electricity derivatives.

Haya Titulización is a securitization funds management company supervised by the CNMV, the Spanish Markets Regulator. It specializes in the structuring and administration of all types of funds with various underlying assets. Since its incorporation in 1993 it has managed funds for more than 200,000 million euros.