Today MARF admitted to trading a 40 million euro bond with a 6% coupon issue by Sociedad Anónima de Obras y Servicios (Copasa). Through this operation the company refinances its first issue, launched in 2013, and the first registered in MARF, with maturity in December 2018. The placement has been carried out through a bond exchange tender offer to the initial investors, as well as the entry of new participating entities.

The Group, Copasa and its subsidiaries, focuses on the construction of railway infrastructures, ports, roads, hydraulic works and water treatment plants, as well as the management of concessions and maintenance of highways, roads and water treatment plants, as well as the manufacture of railway sleepers and aggregates. The Groups operates globally. By december 2017 Copasa’s international operations were the 53% of its net revenues.

As of 2017, Copasa had consolidated revenues of 328.5 million Euros, and an EBITDA of 34.5 million Euros. The company has a BB rating, granted by Axesor.

Source: BME (see the entire post)