The first issuance of Izertis promissory notes closes with a demand of 130%
Our company has successfully closed its inaugural promissory note issuance of 50 securities for a nominal amount of 5 million euros. The total demand amounted to 6.5 million euros, certifying a great reception among the investment community.
Also, its maturity date is set for April 26 of this year, with an interest rate of 1% per year. This operation constitutes the first issuance of the company promissory note program, with which our corporation inaugurates its participation in the BME's Fixed Income Market (MARF), and which, in the words of its president Pablo Martín, “will contribute substantially to financing our strong growth forecast for the next few years ”.
MARF itself entered into negotiation on December 30 this first program of promissory notes of the Asturian firm for a maximum nominal outstanding balance of €30 million, whose validity will be extended until December 30, 2021.
Our consulting firm, specialized in providing digital transformation services, as well as technological and operational capabilities in the most advanced layer of added value, has appointed Renta 4 Banco as the director of the program. which together with Fidentiis and Haitong Bank have acted as underwriters. In short, they will be in charge of distributing future promissory notes issued over the next year to professional investors.
Our firm is currently in historical peaks in prices since its entry into the Spanish alternative stock market -BME Growth-, just 14 months ago. Since then, the value of its shares has appreciated by more than 350%, exceeding 160 million market capitalization.