MARF registered a €50 million senior secured bond issue placed by Grupo Avintia through its subsidiary Avintia Proyectos y Construcciones. The issue, which has been placed among qualified investors, has a nominal unit value of €100,000, maturity in September 2020 and a 4% coupon. Rating firm DBRS has granted the issuer a rating of BB (low), stable outlook.

Avintia is the fourth company to register issues in this Fixed Income market, operated by BME, so far this year.

Avintia Proyectos y Construcciones’ activities are focused on projects regarding residential development and construction, social housing, industrial and road infrastructure projects, railways, car parks and water treatments.

Source: BME (see the entire post)