Nueva Pescanova has launched its first Sustainability-Linked Promissory Note Programme on BME’s Alternative Fixed Income Market (MARF), for up to €75 million, thus demonstrating its commitment to guaranteeing the social and environmental sustainability of all its activities, including its financial activities.
In May 2022, Nueva Pescanova published its Regulatory Framework of reference for Sustainability Linked Financing, in line with the Group’s sustainability programme, “Pescanova Blue”, and a series of Sustainable Development Goals, which define indicators with a direct impact on traceable raw materials and crew and fair employment. The second party opinion certificate has been issued by the independent expert European Quality Assurance (EQA), a certification, inspection and verification body accredited by ENAC, after verifying adherence to the Sustainability Linked Bonds Principles.
The Nueva Pescanova Group launched in 2021 its first issue of promissory notes in the Fixed Income Market through a programme that could reach a maximum outstanding balance of €50 million, thus diversifying its financing sources and at the same time providing flexible access to professional investors. By renewing the Promissory Note Programme, which has now been granted Sustainability-Linked Financing status, the company will continue to issue short-term debt with maturities of up to 24 months.
The GA_P´s team was formed by Corporate partner Guillermo Guerra, along with Banking & Capital Markets associate Irene Medina de Alba.