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Clifford Chance advises Aena on its debut €3 billion EMTN programme

28 July 2023

Clifford Chance advises Aena on its debut €3 billion EMTN programme

Clifford Chance has advised the Spanish airport operator Aena as to English and Spanish law on the establishment of its inaugural €3,000,000,000 programme for the issuance of euro-medium term notes. The programme will allow Aena to debut in the euro-medium term note capital markets.

The programme enables the issuance of English law notes listed on AIAF Mercado de Renta Fija and settled through Iberclear. The prospectus of the Programme has been approved in the English language by the Spanish national securities markets commission (the CNMV, by its initials in Spanish).

The multidisciplinary Clifford Chance team was led by Madrid-based English Capital Markets Partner Antonio Henriquez, who was supported by Associate Anna Buscaglia on the English law workstream, together with Senior Associate Francisco Pizarro and Associate Enrique Pais on the Spanish law workstream. Senior Counsels Carme Briera and Roberto Grau advised on Spanish public law and tax issues, respectively.

Clifford Chance asesora a Aena en su programa de bonos EMTN inaugural de 3.000 millones de euros

Clifford Chance ha asesorado a la gestora aeroportuaria Aena en aspectos de ley inglesa y española en el establecimiento de su programa inaugural por un importe de 3.000 millones de euros para la emisión de bonos EMTN. Este programa permitiría el debut de Aena en el mercado de las emisiones de deuda a medio plazo.

El programa permite la emisión de bonos sujetos a ley inglesa que cotizarán en el AIAF Mercado de Renta Fija y se liquidarán a través de Iberclear. El folleto del programa redactado en lengua inglesa ha sido aprobado por la Comisión Nacional del Mercado de Valores (CNMV).

El equipo multidisciplinar de Clifford Chance en Madrid ha estado liderado por el socio de Capital Markets Antonio Henriquez, quien ha contado con el apoyo de la asociada Anna Buscaglia, para los aspectos de derecho inglés, así como del asociado sénior Francisco Pizarro y el asociado Enrique Pais, en materia de derecho español. Los sénior counsels Carme Briera y Roberto Grau han asesorado en cuestiones regulatorias y fiscales, respectivamente.