BME opens new fixed income listing procedure at AIAF Market

• Aena's fixed-income programme is the first admitted to trading in Spain under the procedure envisaged in the new Spanish Securities Market Law

BME's Regulated Fixed-Income Market, AIAF, has opened the new issues' process with the admission to trading of a new Euro Medium Term Notes Programme for Aena with a volume of 3 billion euros. Through this new issuance programme, Aena will be able to issue in a flexible manner over the next 12 months bonds with fixed or variable coupons and different maturities, to be agreed by the issuer and the Dealers of the programme in each case, and which may be denominated in different currencies.

This is the first fixed-income program admitted by AIAF under the new procedure for the verification and admission to trading of fixed-income securities developed by the market in accordance with Article 63 of the new Spanish Capital Markets and Investment Services Law (LMVSI), which came into force on September 18th. Under this new rule the responsibility for verifying the admission to trading of fixed-income issues passes from the CNMV to the regulated markets where the securities are to be admitted.

BBVA and BNP Paribas participate as Arrangers of the Program. In addition to these two entities, the Dealers will be: Bankinter, Banco Sabadell, CaixaBank, Crédit Agricole, Deutsche Bank, HSBC, IMI-Intesa San Paolo, Mediobanca, Banca di Credito Finanziari, Santander Corporate & Investment Banking, SMBC Bank EU and Societe Generale Corporate & Investment Banking. CaixaBank has been appointed as Paying Agent.

Clifford Chance has advised the issuer in relation to Spanish and English Law and Linklaters has advised the Dealers in relation to the same Laws.

Aena has long-term credit ratings of A-, stable outlook, by Fitch Ratings and A3, stable outlook, by Moody's Investors Service. It also has a short-term F2 rating by Fitch Ratings.

"This new admission to trading procedure is the result of the close collaboration carried out by the CNMV and BME in recent months to adapt AIAF Market's regulations to the new Law and improve the conditions for issuers to access the capital markets, and is part of the efforts made by both entities to provide the Spanish securities market system with a more agile, efficient and competitive framework", said Gonzalo Gómez Retuerto, Head of BME Renta Fija.

Aena is an airport manager that operates 46 airports and two heliports in Spain. Also, through its subsidiary Aena Desarrollo Internacional, it operates an airport in the United Kingdom (London Luton) and has shareholdings in companies that manage 12 airports in Mexico, two in Jamaica and another two in Colombia. In addition, since the first quarter of 2020, it has operated six airports in the Northeast of Brazil and from the fourth quarter of 2023 it is expected that 11 Brazilian airports will be managed through the recently created subsidiary Bloco de Onze Aeroportos do Brasil, among them Congonhas in Sao Paulo. The airports managed by Aena had a traffic of 270.7 million passengers in 2022 (243.7 million in the Spanish network, 13.1 million in London Luton airport and 13.9 million in the airports of Aena Brazil).

Aena is listed on the stock exchange and is part of the IBEX-35^© index. It also has a Commercial Paper Programme in the AIAF Market for a maximum outstanding balance of 900 million euros.