Portuguese holding Visabeira becomes a new issuer with MARF

• It is the first Portuguese business group to issue on MARF twice, following the registration of a bond in October from its participated company Vista Alegre.

MARF, BME’s Fixed Income market, today registered a new Commercial Paper (CP) Programme by the Portuguese business group Visabeira for a maximum outstanding balance of 50 million euros. With this Programme, the holding diversifies its financial channels and will be able to raise fresh short-term finance through the placement of CPs among investors from Spain, Portugal and third countries. Grupo Visabeira is the first Portuguese business group to issue on MARF for a second time, following the registration in October of bonds from Vista Alegre, in which it owns a stake.

Bankinter has acted as Sole-Lead Arranger of the Programme, in which it, together with Haitong Bank will participate as placement entities. The payment agent of the issues will be Bankinter, Sucursal em Portugal.

Vieira de Almeida & Associados, Sociedade de Advogados, has legally advised Grupo Visabeira on registering this Commercial Paper Programme, while the issuer’s Registered Advisor with MARF is VGM Advisory.

Grupo Visabeira is an internationally renowned multi-sector holding, with activities in the telecommunications, energy, construction, porcelain, tourism, real estate and services sectors. The company was founded 40 years ago in Viseu (Portugal) and currently has a presence in Portugal, France, United Kingdom, Germany, Belgium, Spain, Denmark, Italy, Angola, Mozambique, India, Brazil, USA and Mexico. It markets its products and services in 94 countries and employs more than 11,000 workers through its more than 100 subsidiary companies.

In 2018, Grupo Visabeira reported a consolidated turnover of 745.4 million euros and an EBITDA of 141.8 million.