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Elecnor launches a promissory note program in the MARF of up to 400 million linked to sustainability objectives

MADRID, 8 Jun.

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Elecnor launches a promissory note program in the MARF of up to 400 million linked to sustainability objectives

MADRID, 8 Jun. (EUROPA PRESS) -

Elecnor has published a new multi-currency Promissory Notes Program in the Alternative Fixed Income Market (MARF), with a limit of 400 million euros, one of the largest in the market, to finance the needs of 'working capital' and new projects, both in Spain and internationally, in the areas of engineering, development and construction of infrastructures, renewable energies and new technologies, the company informed the National Securities Market Commission (CNMV).

Specifically, this is Elecnor's first program linked to sustainability, including targets for reducing greenhouse gas emissions and occupational accidents, which, if not met, imply a commitment to contribute to sustainable projects.

The group indicated that the operation is part of its strategy of diversification and cost optimization of its financing sources.

Through this new program, Elecnor will have access to financing, both in euros and in US dollars, for terms of up to 24 months.

In the last eight years, the company has carried out 196 issues for a total of 6,500 million euros, which places the company as one of the main issuers of promissory notes in the Spanish market.

For this promissory note program, Elecnor will have Banca March and Banco de Sabadell as placement entities. Banca March is the registered adviser. Cuatrecasas has taken charge of the legal advice, being G-Advisory the consultant that will issue the sustainability reports.