MARF, BME’s Fixed Income market, admitted to trading a new bond issue by Grupo SAMPOL Ingeniería y Obras for an amount of 25 million euros. This new issue marks the Mallorcan engineering company’s debut in fixed income markets and opens up new possibilities for the diversification of its funding sources. Thus, Grupo Sampol will have more financial alternatives available for its ongoing national and international projects.

The individual value of each bond is 100,000 euros, issued at a fixed annual interest rate of 4.5%. Additionally, the securities will bear a variable interest linked to the compliance with Grupo SAMPOL’s internationalisation plan. The term of the bonds is five years and its final redemption date will be 13 February 2024. Axesor Rating has granted SAMPOL a corporate rating of BBB- with stable outlook.

Bankia has acted as Global Coordinator and Sole-Dealer for the issue. The Registered Advisor with MARF is Analistas Financieros Internacionales (AFI), while law firm Gómez-Acebo & Pombo has advised the company on legal matters.

Source: BME (see the entire post)