Spanish banks Santander and EBN lead € 31 million financing for PLD Space's MIURA 5 launcher - Capital-Riesgo.es
Summary
This accomplishment furthermore highlights PLD Spaces business model as highly market-focussed, demonstrating a substantial level of operational and financial maturityEzequiel Sanchez, Executive President of PLD Space, said: "Securing the support of major banks like Banco Santander, EBN Banco and ICO, along with insurance from Cesce, is a significant achievement for us. In collaboration with the private sector, we aim to generate quality employment and drive the growth of Spanish companies.Fernando Salazar, Chairman and CEO of Cesce, stated that this operation, covered under the Strategic Investment Policy, is another example of the support we provide to companies in their internationalisation projects. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising 220 billion in green financing between 2019 and 2030. In the first quarter of 2024, Banco Santander had 1.3 trillion in total funds, 166 million customers, 8,400 branches and 211,000 employees.EBN Group, with more than 30 years of experience in the Spanish banking and financial market, carries out its activity through EBN Banco, the fund manager EBN Capital SGIIC and the securitization platform EBN Titulizaci\xf3n.The Group is currently implementing its corporate strategy focused on business and investment banking through corporate financing, treasury and capital market activities, corporate debt issuance and equity transaction, asset securitization, mergers and acquisitions advisory (M&A), specialized financing and, on the other hand, through internet banking services for individuals with a wide range of products: fixed-term deposits, commercialization of investment funds and managed portfolios through its Investment Fund Supermarket.Cesce heads a group of companies offering integrated trade credit management solutions and the issuance of surety insurance and guarantees in parts of Europe and Latin America. After more than 50 years in the market, the company has proven to be a stable group and the most solvent of the main Spanish and European companies in the credit and surety insurance sector, with a solvency ratio of 258% at the close of the 2023 financial year.Instituto de Cr\xe9dito Oficial (ICO) is a corporate state-owned entity attached to the Spanish governments Ministry of Economic Affairs, Trade and Business.