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GA_P advises EBN Banco in the incorporation of its promissory notes programme in the MARF for 100 million euros
6 May, 2021
Gómez-Acebo & Pombo has advised EBN Banco in the incorporation of its promissory notes programme in the MARF with a value of 100 million euros.
With the incorporation of this promissory note programme, EBN Banco becomes the first bank to incorporate a promissory note programme in the MARF, with a credit rating awarded by Axesor Risk Management of BBB- with a stable trend and with Norgestión acting as Registered Advisor. Under the programme, EBN Banco will be able to issue promissory notes with maturities ranging from 3 business days to 2 years, for a maximum value of 100 million euros.
In addition, the incorporation of this promissory note programme is the first to be carried out in the MARF since the entry into force, on 3 May 2021, of Act 5/2021, of April 12, which amends, among other regulations, the Recast Version of the Securities Market Act, with the consequent need to adapt the process to the new regulations.
The GA_P team was formed by Guillermo Guerra, partner of the Corporate area and Lázaro García, associate of the Banking area.
With the incorporation of this promissory note programme, EBN Banco becomes the first bank to incorporate a promissory note programme in the MARF, with a credit rating awarded by Axesor Risk Management of BBB- with a stable trend and with Norgestión acting as Registered Advisor. Under the programme, EBN Banco will be able to issue promissory notes with maturities ranging from 3 business days to 2 years, for a maximum value of 100 million euros.
In addition, the incorporation of this promissory note programme is the first to be carried out in the MARF since the entry into force, on 3 May 2021, of Act 5/2021, of April 12, which amends, among other regulations, the Recast Version of the Securities Market Act, with the consequent need to adapt the process to the new regulations.
The GA_P team was formed by Guillermo Guerra, partner of the Corporate area and Lázaro García, associate of the Banking area.
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