AEDAS Homes successfully closes the issuance of 34.1 million euros of 24-month promissory notes

The entire amount has been placed in a single operation, which had the guarantee of the State

AEDAS Homes has successfully closed the issue of 34.1 million euros of promissory notes guaranteed at 70% of their nominal value by the State, an issue that was rated BBB by Axesor.
This issuance was carried out within the framework of aid from the new COVID- 19 Guarantee Lines, which in turn is part of the program that the company has registered in the Alternative Fixed Income Market (MARF).
The developer was one of the first issuers to launch its guaranteed promissory note program and the operation also represents the largest issue. to date at 24 months, the longest possible term in the MARF. With this, AEDAS Homes extends the average maturity period of promissory notes from 6 to 15 months, the longest of the entire MARF.
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The strong interest shown by investors was reflected in the placement in a single issuance operation For the total of 34.1 million euros, which has allowed AEDAS Homes to reach the financing objective set by the developer with this initiative.
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"The high demand, the attractive interest rate and the two-year maturity confirm the trust that investors place in the company in the long term," underlines María José Leal, financial director of AEDAS Homes, who remarks that with this operation the developer " Reinforces the company's already solid treasury position. "