BME's Fixed Income Market, MARF, today admitted Aludium Transformación de Productos' new 50 million euro Commercial Paper (CP) programme. This programme is the first to be registered by the company with MARF. The programme will enable it to raise funding by accessing qualified investors to diversify its financing sources. The CPs to be issued under the programme will have maturities ranging from three days to a maximum of two years.
Banca March is participating as Sole Arranger, Registered Advisor and Placement Entity under the programme. Banca March itself will act as Payment Agent for the issues.
Cuatrecasas, Gonçalves Pereira has provided legal advice to Aludium on the registration of the Programme.
Aludium Transformación de Productos was incorporated in 2015 and is concerned with the development and manufacture of all types of rolled products and thin sheets of aluminium and its alloys in any form, composition and thickness. The company also distributes, markets, imports, exports, represents and sells them, whether manufactured in-house or by third parties. Its activity also extends to the remelting of offcuts from its own production and from third parties and the sale of by-products and waste. Aludium has three plants located in Amorebieta and Alicante. In this province, it also has an R&D center that is one of the world's leading aluminum research centers.
In 2021, the company reported a turnover of 560.8 million euros and an EBITDA of 18.2 million euros.