MARF, BME’s Fixed Income market, today admitted the first Commercial Paper (CP) Programme of EBN Banco de Negocios for trading. EBN thus expands its investment product offering aimed at its institutional clients and will access new qualified investors to place CPs up to a maximum outstanding balance of 100 million euros. The CPs to be issued will have a nominal value per unit of 100,000 euros and maturities ranging from 3 days to 2 years.
Norgestion acts as Registered Advisor for the Commercial Paper Programme, while EBN Banco itself will place the issues to be launched under the Programme. EBN will also be the Payment Agent for the Programme.
Gómez-Acebo & Pombo Abogados has advised the participants in connection with the registration of the Commercial Paper Programme.
Axesor Risk Management has assigned EBN Banco de Negocios a credit rating of BBB-, with a stable trend.
EBN Banco de Negocios is a credit institution incorporated in 1982, registered with and under the supervision of the Bank of Spain, whose main business lines are the Investment Banking Area, through which it originates and structures in the capital markets DCM (Debt Capital Market), ECM (Equity Capital Market), M&A (Mergers & Acquisitions) and Advisory transactions, aimed at corporations and public institutions; the Corporate Banking Area, in which it carries out credit investment and specialised financing activities; EBN Titulización, a securitisation fund management company registered with the CNMV, through which it sets up and administers securitisation vehicles; and EBN Capital, the bank's manager of collective investment institutions, which focusses on the management, administration and representation of investment vehicles, mainly of an alternative nature and aimed at sophisticated investors.
In 2020 EBN Banco posted earnings of 13.41 million euros, with equity of 83.5 million euros, a fully loaded solvency ratio of 19.13% and closed a strategic alliance for its factoring operations with Italian listed company Banca Sistema SPA.