Commercial Paper

Cash flow financing

We provide fast and flexible financing for your company

Branch only

Commercial Paper

Cash flow financing

We provide fast and flexible financing for your company

Branch only

Commercial Paper

Benefits How to get it Related topics

Stamp Duty exemption

Stamp Duty will not be applied to the amount of the Commercial Paper Issuance Program or the interest on commercial paper issuances.

Stamp Duty exemption

Stamp Duty will not be applied to the amount of the Commercial Paper Issuance Program or the interest on commercial paper issuances.

Stamp Duty exemption

Stamp Duty will not be applied to the amount of the Commercial Paper Issuance Program or the interest on commercial paper issuances.

Who can issue Commercial Paper?

Anyone who meets one of these requirements¹

Present a risk rating

From the issuance or the Commercial Paper Program.

A guarantee in favor of the Commercial Paper holders

The guarantee must ensure compliance with payment obligations arising from the issuance or the Commercial Paper Program.

Be an issuer of other securities

Securities admitted to trading on a regulated market.

Present an adequate financial autonomy ratio

The ratio must comply with the terms of the CMVM regulation. Credit institutions, financial companies, insurance companies, and pension fund managers and funds are excluded from this requirement.

Have an issuance sponsor

The sponsor must hold at least 5% of the issuance in their portfolio until maturity.

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Secured Current Account TAE 12.203%

Credit solution for cash flow needs

View Secured Current Account

Commercial Discount TAE 10.703%

Convert credit sales into immediate cash

View Commercial Discount

View product

Credit card Gold Empresas TAE 18.096%

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Important information

¹These requirements do not apply to the issuance of Commercial Paper with a nominal value of €50,000 or more for each security issued (as standard for programs led by Millennium Investment Banking) or if the subscription is made in minimum lots equal to or exceeding €50,000, or if qualified investors fully subscribe to the issuance.

Commercial Paper

Cash flow financing

Commercial Paper

Cash flow financing

Stamp Duty exemption

Stamp Duty will not be applied to the amount of the Commercial Paper Issuance Program or the interest on commercial paper issuances.

Minimum amount of 1 million euros for contracting a Commercial Paper Program

Main features and advantages

Why issue Commercial Paper?

Targeted at SMEs and Large Companies with legally certified accounts

Amount, deadline, and issuance timing adjusted to the company's cash flow needs

Main features and advantages

Why issue Commercial Paper?

Stamp Duty exemption

Stamp Duty will not be applied to the amount of the Commercial Paper Issuance Program or the interest on commercial paper issuances.

Minimum amount of 1 million euros for contracting a Commercial Paper Program

Targeted at SMEs and Large Companies with legally certified accounts

Amount, deadline, and issuance timing adjusted to the company's cash flow needs

Main features and advantages

Why issue Commercial Paper?

Stamp Duty exemption

Stamp Duty will not be applied to the amount of the Commercial Paper Issuance Program or the interest on commercial paper issuances.

Minimum amount of 1 million euros for contracting a Commercial Paper Program

Targeted at SMEs and Large Companies with legally certified accounts

Amount, deadline, and issuance timing adjusted to the company's cash flow needs

Who can issue Commercial Paper?

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Important information

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