Listed company Izertis has renewed its Commercial Paper programme, admitted to trading on the Alternative Fixed Income Market (MARF), for a maximum nominal outstanding balance of €30 million.
This is the third consecutive year that the company specialising in digital transformation processes and technology consulting is present in this market. Through it, Izertis has a financing alternative that allows it to have liquidity to meet the operational needs of its business.
The notes, which will be issued under the programme with a unit face value of €100,000, and whose number will depend on each issue, may have maturities of between three days and a maximum of two years. Since it joined the MARF at the end of 2020, Izertis has so far made 8 issues of promissory notes, whose total nominal amount has ranged between 3 and €9.8 million per issue, with maturities of between 3 and 12 months. The entities collaborating in the Program as Placement Entities are Renta 4 Banco, S.A. (which also acts as Registered Advisor and agent) and Bestinver S.V., S.A.
Lourdes Argüelles, CFO of Izertis, commented that “for the Izertis project to be successful we must continue to build our financial structure in a solid way, as we have been doing since the beginning. Therefore, it is crucial for us to diversify our financing channels”.
The registration process involved a PwC Tax & Legal team made up of partner Beltrán Gómez de Zayas, senior manager Emilio Aparicio Marina and senior associate Mario Maza Morales.
