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© Reuters. MARF admits to negotiation a new Insur bond of 30 million
Madrid, Dec 13 (.) .- The Fixed Income Market, MARF, has admitted to trading this Monday a new bond from Insur Promoción Integral, a subsidiary company of Inmobiliaria del Sur (MC 🙂 (Insur), for an amount of 30 million euros, and an annual interest rate of 4%.
The bond, which expires in December 2026, will have the personal guarantee granted by Inmobiliaria del Sur, as explained by Bolsas y Mercados Españoles (MC 🙂 in a statement.
With this issue, Inmobiliaria del Sur expands its capabilities in MARF and complements the promissory note program that it has been registering in this market since 2017.
The funds obtained through the new issue will be used exclusively for the purchase of plots and land classified as developable for development activity, and may be used for residential or tertiary use, as the case may be, in provincial capitals or in metropolitan areas of Seville, Madrid and Malaga, adds the note.
Bestinver has acted as the global coordinating entity and underwriter.
GVC (LON 🙂 Gaesco Valores is the registered advisor of the issuer in MARF.
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