Cuatrecasas advises Visalia Energía on registering green commercial paper program on MARF worth €33.9 million
Cuatrecasas advised Visalia Energía on registering a green commercial paper program on the Spanish Alternative Fixed-Income Market (MARF) for a maximum outstanding balance of €33.9 million.
The commercial papers issued in this program will be considered green under the Green Bond Principles (GBP) of the International Capital Market Association (ICMA). In line with the company’s renewable energy strategy, the funds obtained from issue of the commercial papers will be used to finance green renewable energy projects.
Visalia Energía has started issuance on the fixed-income markets to diversify its financing sources, access new investors and optimize costs.
The Cuatrecasas team advising Visalia Energía on the process was led by partner Jaime de la Torre with the support of the lawyers Jerónimo Poza and Iván Wesolowski.