The Mercado Alternativo de Renta Fija (MARF) has registered a new bond programme by Grupo Jorge (Jorge Pork Meat) with a total value of €150 million, aimed at diversifying its funding sources and providing its financial resources with additional flexibility. With this bond programme in the next 12 months Grupo Jorge will be able to issue medium and long term senior unsecured bonds flexibly, with a maturity of up to 10 years, fixed or variable coupons and different cashflows and amortisation structures. The characteristics of each individual issue tranche will be determined during their placement and issuance among qualified investors.

Alantra Capital Markets is acting as Global Coordinator and Sole Bookrunner of the programme and is also its Registered Advisor. Alantra has placed two initial bond issues among international investors, each of them with a value of €25 million, one with 7 years term, 2.95% coupon and maturity in 2025, and the other with 10 years term, a 3.10% coupon and maturity in 2028.

Source: BME (see the entire post)