Aernnova has established a €200 million European Commercial Paper Programme (ECP). The programme has been admitted for listing on the Irish Stock Exchange (ISE)

PKF Attest is acting as advisor to the issuer, listing agent and global coordinator of the programme. The dealers of the programme are Banco Santander, Bankia, BRED, and Norbolsa. Bank of New York Mellon is the Issuing and Paying Agent. Baker & McKenzie is the legal counsel.

Aernnova, founded in 1986, is a 100% private company. It is a leading aerostructures company specialized in the design and manufacturing of aerostructures and components.

The company has presence in 6 countries and has more than 4,500 employees. The net revenue in 2018 was €683 million and the EBITDA was €143 million.

______________________________________________________________________________________________

Commercial Papers are an efficient source of funding

Commercial Papers are short-term money-market securities used as a funding source by financial institutions, as well as governments, supranational agencies and mid and large corporations.

For corporate issuers, Commercial Papers are an extremely efficient funding source, that is complementary to banking facilities and credit lines. It is an efficient working capital solution via Debt Capital Markets.

Commercial Papers are issued under a shelf programme, that has an annual validity (renewable) and a predetermined maximum outstanding size. Notes under a CP programme may be issued at a discount or at a premium, they may bear fixed or floating rate interest. Although CPs, most usually, carry an implicit coupon, they are issued at discount and mature at par (100%)

Maturity of Notes ranges from 3 days to 24 months for Pagarés Programmes and from 1 to 364 days for ECP (European Commercial Paper Programmes).

Commercial Papers are multi-currency instruments that can be issued in different currencies; predominantly in EUR, USD, CHF and GBP. They have a minimum denomination of €100K and are intended for wholesale institutional investors, both national and international.