Monday, October 26, 2020
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Aedas Places €34 Million in Promissory Notes in its Largest Issue Backed by an Aval From the ICO

The property developer has managed to close the placement of 34.1 million euros for 24 months, the longest possible maturity. This is the largest placement that the ICO has backed to date.

Aedas Homes has become the fourth company to issue publicly guaranteed promissory notes. It has managed to close the placement of 34.1 million euros over 24 months, the longest possible maturity. This is the largest placement that the ICO has backed to date.

The public support has allowed the property developer to register a great deal of interest from investors. The company has succeeded in extending the average maturity period of the promissory notes, from six to 15 months. Likewise, it has managed to reach its target issue with this instrument.

Read the full article in Spanish.

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