Grupo Pikolin has registered a new Bond Programme with BME’s Fixed Income market, MARF, that will allow it to place flexibly up to 75 million euros over the next 12 months. With this new bond programme, Pikolin will be able to access qualified investors in a flexible way to diversify its medium and long term financing sources, placing issues with fixed or variable interest rates linked to the performance of the Euribor, and with medium and long term maturities that, where applicable, may incorporate early repayment options.
Likewise, under this new Programme, Grupo Pikolin may choose to launch Sustainability-Linked Notes based on the specific fulfillment of sustainability commitments under the Group's Sustainable Financing Framework, which are aligned with the United Nations’ SDGs (Sustainable Development Goals. On 26 November 2020 Grupo Pikolin obtained a second opinion (SPO) from Vigeo Eiris, which confirms that the Group's Sustainable Financing Framework follows the Sustainable Financing Principles published by the International Capital Market Association (ICMA).
PKF Attest Capital Markets AV acts as Global Coordinator and Placement Entity under the programme and Banco Sabadell participates as Payment Agent for the issues that will be launched. Likewise, PKF Attest Servicios Empresariales will be the issuer’s Registered Advisor in MARF.
Axesor Risk Management has issued a rating report granting Grupo Pikolin a global rating of BB with a stable outlook.
Since its incorporation in 1948, Pikolin's activity has focussed on the production and sale of articles for rest, such as mattresses, bases, pillows and other accessories. The Group is one of the main companies in the sector and a European market benchmark. It currently operates ten production centres in Spain, France, China, Vietnam and Brazil, has commercial operations in 65 countries and a workforce of about 3,000 employees around the world.
In 2019, the company achieved consolidated sales of 367.2 million euros and its EBITDA was 22.1 million.