-The MARF, BME’s fixed income market, recorded a new issuance by the Portuguese company EFACEC Power Solutions, SPGS, with a total value of €58 million. The bonds issued have a nominal value of €100,000, a five-year maturity — with maturity scheduled for July 2024 – and will pay an annual coupon of 4.5%.
BEKA Finance and Optimal Investments collaborated with EFACEC on this transaction as Coordinators. BEKA Finance also acted as Dealer in the placement of the collateral and Banco Finantia as Co-Dealer, while VGM Advisory is EFACEC’s Registered Advisor on MARF. Banco Comercial Português acts as the Paying Agent for the securities. The Portuguese law firm Vieira de Almeida & Associados, Sociedade de Advogados, advised the issuer on its debut in the capital markets and on the registration of the listing on MARF.
EFACEC Power Solutions has a corporate rating of BBB with a stable outlook, assigned by Axesor Rating agency. The Group’s consolidated turnover in 2018 amounted to €426.6 million, with EBITDA of €37.3 million. The company is present in 65 countries.
Learn more on the La Vanguardia website.
