{"id":35412,"date":"2023-10-10T15:04:00","date_gmt":"2023-10-10T15:04:00","guid":{"rendered":"https:\/\/www.pkf-attest.es\/noticias\/ence-energia-y-celulosa-sustainable-commercial-paper-program-2\/"},"modified":"2023-10-10T15:04:00","modified_gmt":"2023-10-10T15:04:00","slug":"ence-energia-y-celulosa-sustainable-commercial-paper-program-2","status":"publish","type":"noticias","link":"https:\/\/www.pkf-attest.es\/en\/noticias\/ence-energia-y-celulosa-sustainable-commercial-paper-program-2\/","title":{"rendered":"Ence Energ\u00eda y Celulosa: Sustainable commercial paper program"},"content":{"rendered":"\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-genesis-blocks-gb-columns gb-layout-columns-1 one-column\" style=\"padding-right:40px\"><div class=\"gb-layout-column-wrap gb-block-layout-column-gap-2 gb-is-responsive-column\">\n<div class=\"wp-block-genesis-blocks-gb-column gb-block-layout-column\"><div class=\"gb-block-layout-column-inner\" style=\"padding-right:40px\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:80%\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"85\" src=\"https:\/\/www.pkf-attest.es\/wp-content\/uploads\/2025\/02\/ENCE-ENERGIA-Y-CELULOSA.jpg\" alt=\"Ence Energ\u00eda y Celulosa: programa de pagar\u00e9s sostenibles\" class=\"wp-image-14982\" style=\"width:830px;height:auto\"\/><\/figure>\n<\/div>\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">Ence Energ\u00eda y Celulosa has established a sustainable commercial paper program for a maximum amount of 200 million euros in MARF, BME\u2019s Fixed Income Market A program with which the company will be able to access qualified investors to diversify its financial resources in the short term, a greater range of financing sources and optimize the management of its debt in regarding costs and deadlines. The CP program will allow the company to issue debt with a maturity of up to two years over the next 12 months.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">The Company obtained a Second Party Opinion, issued by G-Advisory, confirming that the notes issued under the programme will be linked to ESG criteria, with specific sustainability KPIs and indicators.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">Ence Energ\u00eda y Celulosa is a Spanish multinational with more than 60 years of experience in its sector, European leader in the production of eucalyptus pulp, which accounts for a large part of its business, as well as being a pioneer in Spain in the production of renewable energy from agricultural and forestry biomass, with great potential for energy generation.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">At the end of 2022 the Group had a turnover of 1.003 million euros and an EBITDA of 248 million euros.<br>The Company has been listed since 2001 and currently, is a component of the Ibex Medium Cap.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-5 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\"><strong>Commercial Papers are an efficient source of funding<\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-6 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\"><strong> <\/strong>Commercial Papers are short-term money-market securities used as a funding source by financial institutions, as well as governments, supranational agencies and mid and large corporations.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-7 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">For corporate issuers, Commercial Papers are an extremely efficient funding source, that is complementary to banking facilities and credit lines. It is an efficient working capital solution via Debt Capital Markets.<br>Commercial Papers are issued under a shelf programme with a predetermined maximum outstanding size, and that are renewable annually (or every 3 years for STEP label). CPs may be issued at a discount or at a premium, they may bear fixed or floating rate interest, although they most usually carry an implicit coupon.<br><br>Maturity of Notes ranges from 1 to 364 days for ECP (European Commercial Paper Programmes), up to 24 months for Spanish Pagar\u00e9s and up to 36 months for Italian Cambiali Finanziarie.<br><br>Commercial Papers are multi-currency instruments that can be issued in different currencies, predominantly in EUR, USD, CHF and GBP. They have a minimum denomination of \u20ac100K and are intended for wholesale institutional investors, both national and international.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-8 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">Commercial Papers are issued under a shelf programme with a predetermined maximum outstanding size, and that are renewable annually (or every 3 years for STEP label). CPs may be issued at a discount or at a premium, they may bear fixed or floating rate interest, although they most usually carry an implicit coupon.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-9 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">Maturity of Notes ranges from 3 days to 24 months for Pagar\u00e9s Programmes and from 1 to 364 days for ECP (European Commercial Paper Programmes).<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-10 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\">Commercial Papers are multi-currency instruments that can be issued in different currencies, predominantly in EUR, USD, CHF and GBP. They have a minimum denomination of \u20ac100K and are intended for wholesale institutional investors, both national and international.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-11 wp-block-paragraph\" style=\"color:#535353;line-height:1.8\"><strong>Source<\/strong>: BME (<a href=\"https:\/\/www.bolsasymercados.es\/esp\/Sala-Comunicacion\/Nota-Prensa\/20231010\/nota_20231010_1\/El_MARF_admite_un_nuevo_Programa_de_Pagares_Sostenibles_de_ENCE_por_200_millones_de_euros\">See full article here<\/a>)<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-12 wp-block-paragraph\" style=\"color:#000000\"><\/p>\n","protected":false},"featured_media":16081,"template":"noticias-corporativa-single-post.php","categories":[],"tags":[254,255],"novedades_corporativa":[],"class_list":["post-35412","noticias","type-noticias","status-publish","has-post-thumbnail","tag-dcm-en","tag-programas-de-papel-comercial-en","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ence Energ\u00eda y Celulosa: Commercial paper program : DCM<\/title>\n<meta name=\"description\" content=\"Ence Energ\u00eda y Celulosa has established a sustainable commercial paper program for a maximum amount of 200 million euros in MARF, BME&#039;s Fixed Income Market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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