Environment and sustainability and Risk & Compliance / Luis Cabrera / Máximo Martín /
Elecnor registers a €400 million commercial paper program on the MARF linked to sustainability targets
Elecnor has just registered a multi-currency commercial paper program on the Alternative Fixed-Income Market (MARF) with a maximum outstanding balance of €400 million. For this program, which is linked to the fulfillment of sustainability targets and runs until June 2024, the company has engaged the services of G-advisory, which will handle the necessary reports.
The new issue, which joins the 70 previous issues made by the company in the last twelve months (with an average outstanding amount of €226 million), will enable it to finance itself in euros and US dollars, at terms of up to 24 months, through promissory notes with a face value of €100,000 targeted at institutional investors.