Bond issue admitted to trading on the Alternative Fixed-Income Market (MARF), a multilateral trading system

Cuatrecasas, Goncalves Pereira advised MÁSMOVIL IBERCOM, S.A. on the senior unsecured bond issue valued at €27 million, with a 5.5% interest rate and maturity in 2020. The firm also advised on the bond placement process among qualified investors by placement agents INTERMONEY VALORES, S.V., S.A. and ANDBANK ESPANA, S.A.U.

With this debt issue, MÁSMOVIL aims to contribute towards financing new growth opportunities, such as access to 4G/LTE, which will enable it to compete with the leading one-stop telecommunications operators.

Jaime de la Torre, a partner of the Corporate and Commercial Practice, led the transaction. The team consisted of Miguel Cruz and Matilde Fernández from the Finance Practice, and Rebeca Rodríguez from the Financial Taxation Practice, assisted by Isabel de la Mano and Alejandro Bonitch Pearcey from the Regulatory Practice.