Baker McKenzie counsels banks on Euskaltel´s €200m ECP renewal

Baker McKenzie has advised the Arranger and Dealers on the update of the €200 million Euro Commercial Paper Programme by Euskaltel S.A

The Arranger and Coordinator for this programme was Banca March, S.A. and the Dealer group comprised also Banco de Sabadell, S.A., Banco Santander, S.A., BRED Banque Populaire, S.A., ING Bank N.V., Norbolsa, S.V. S.A.and PKF Attest Capital Markets, A.V. S.A.

The application has been made to the Irish Stock Exchange plc trading as Euronext Dublin for Euro Commercial Paper note under the €200,000,000 Euro-Commercial Paper Programme of Euskaltel, S.A. to be admitted to the official list and trading on the regulated market of Euronext Dublin.

The notes will have several maturities, with a maximum of one year.

The aim of these notes is to replace bank financing, and for Banca March it is another example of the large number of companies that are committed to alternative financing in capital markets. The financial institution has highlighted its leadership in this type of operations, in which it has advised 36 Spanish companies on issuances both in MARF and in Euronext.

The Baker McKenzie´s team was led by Madrid office Corporate group team leader Carlos Martín (pictured left) supported by junior associate María Clavell.