GrupoPikolin has placed a new tranche of 11 million euros of its floating rate note issue on MARF, referenced to Euribor plus 375 basis points and with maturity on May 18, 2021. The individual value of each bond is 100,000 euros and the issue price of this new tranche is 100.10%, ex-coupon.

This reference was initially issued in May 2016 for an amount of 14 million euros, so its outstanding amount after the reopening reaches 25 million.

Beka Finance has advised the company in the operation, in which it also acts as Coordinator and Placement Entity. PKF Attest is the company’s Registered Advisor in MARF. J&A Garrigues has provided legal advice to GrupoPikolín in connection with this new issue.

Source: BME (see the entire post)