MARF registers a new Securitization Fund from Enérgya VM

Enérgya VM has registered a new Securitization Fund in the fixed income market of BME, MARF, for a maximum amount of 35 million euros. The Fund will be open-ended and its assets will include credit rights arising from the supply of electricity or gas from contracts entered into by Enérgya VM, Gestión de Energía, as part of its activity of commercializing energy to business groups.

To finance the purchase of these receivables, the Fund will issue Securitization Bonds, the terms of which will be fixed at each disbursement, with no payment preference for any of the series issued over the others and without prejudice to the fact that the different series may have different maturity dates. The receivables acquired by the Fund will be fully insured by Compagnie Française D'Assurance pour le Commerce Extérieur (COFACE) at a percentage of 90% or 95% of the total nominal amount of each invoice, depending on the classification made by the insurance company, while Enérgya VM will retain the uninsured portion of each invoice, so that the totality of the receivables pooled in the Fund will be insured.

Beka participates as management company of the securitization fund, as well as Registered Advisor, Placement Entity and Paying Agent of the Bonds. CECABANK will be the account banker of the Fund.

J&A Garrigues has acted as legal advisor to the issuer.

The bonds to be issued by the Fund will be rated A- by EthiFinance Ratings.

Enérgya VM was born in 2002 as the first independent marketer in Spain with the mission of reinventing energy marketing with a new approach to the energy model. For more than two decades, the company has been committed to the generation of renewable electricity with clean and innovative solutions, such as the first 100% wind power regulation zone in Europe or the signing of the first PPA, the latter being the first power purchase agreement with a photovoltaic plant executed in Spain. This way of working has allowed Enérgya to become an energy benchmark and to be present in 14 countries. Among its customer base, Enérgya VM markets electricity and gas to homes, homeowners' associations and companies. It also provides a wide range of services related to the economic management of electricity production to generators, representing independent renewable electricity producers.

The company is firmly committed to continuing to build a better, cleaner and more sustainable future and, above all, one that is more committed to the environment, which has materialized in its Environmental Commitment 2023-2024.