Amper has set up a new Commercial Paper programme in MARF, BME’s Fixed Income market, with a maximum outstanding of €30 million and maturities up to 24 months. With this programme the Company will be able to diversify its funding sources and issue short-term debt during the following twelve months.
With over 60 years of experience, Amper operates in the telecommunication sector. It develops, produces, sells, and maintains telecommunications and electronic systems, equipment, and components. The Company manufactures network management systems, subscriber loop equipment, antennas, combat radiotelephones, parking meters, and data communications systems. The Company structures its activity in three business lines:
- Amper Telcom and Security
- Amper Industrial
- Amper Integration
Currently the Group operates internationally in Europe, LATAM, Asia and Africa and has offices in Madrid, Mexico, Costa Rica and Peru.
As of 2018 the Group had consolidated revenues of 143 million Euro and an EBITDA of 15.6 million Euro. The Group has been listed on the Spanish Stock Exchange since 1986 and is part of IBEX SMALL CAP. Index.
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Commercial Paper is 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.
Source: BME (See the entire post)
