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AFSE
At EROSKI we issue Subordinated Financial Contributions (AFSE), financial instruments with no fixed maturity date, which allow us to offer those who trust our cooperative the right to receive interest. They are subject to the Securities Market regulations and are listed, since July 2012, on the trading platform SEND (Electronic Debt Trading System).
Whatever the market conditions, EROSKI Contributions always offer a positive return premium (in our case linked to the Euribor). The profitability of Subordinated Financial Contributions is, in part, dependent on EROSKI’s results. However, in the event of early repayment of the issue, in whole or in part, 100% of the nominal value would be repaid to all holders.
Informative leaflets
The following are the information leaflets corresponding to our EROSKI Contribution issues, in which you can obtain all the information necessary for an adequate understanding of the issuance of EROSKI Subordinated Financial Contributions:
Quotation of EROSKI contributions
The issuances of EROSKI Subordinated Financial Contributions (AFSE), following the recommendations of the CNMV, are listed on the SEND trading platform, as are all fixed-income issuances aimed at retail investors.
The calculation and payment of interest of the aforementioned contributions is made on the initial nominal value and the option of voluntary early amortization by EROSKI S. Coop. it is 100% of the aforementioned nominal (although currently there is no expectation about this possible early amortization).
Payment of AFSE coupon/remuneration
In relation to the Eroski Subordinated Financial Contribution Issues (“AFSE”), and in compliance with the provisions of the Information Leaflets verified and registered in the official records of the National Securities Market Commission dated June 18, 2002, July 11, 2003 and June 25, 2004 (ISIN ES 0231429004); we inform you that the coupon fixed for the period from February 1, 2026 to January 31, 2027 has been 5.246%.
Likewise, and with reference to the Issuance of Eroski Subordinate Financial Contributions (“AFSE”), whose documentation was verified and registered in the official records of the National Securities Market Commission dated June 19, 2007 (ISIN ES 0231429038); in compliance with the provisions of the aforementioned documentation, we inform you that the coupon fixed for the period from February 1, 2026 to January 31, 2027 has been of 4.746%.
Since EROSKI launched its first AFS issuance in 2002, the cooperative has promptly fulfilled its annual interest remuneration commitment, already paying a total of €509.4 million to its investors. AFS remuneration is referenced to the Euribor plus a 3-point spread for AFS emissions between 2002 and 2004, and a 2.5% spread for AFS emissions in 2007.
With the last payment, an investor who acquired AFS in 2002 has already received 108.1% of the amount of his initial interest investment. An investor with AFS since 2004 has already received 95.7% interest, while the 2007 investor has received 69.4% of the value of his investment.
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Additional information
For any additional information about EROSKI’s Subordinated Financial Contributions (AFS), you can contact us through:
+ 34 946 211 211
Eroski S. Coop. Barrio San Agustín, s/n. 48230 Elorrio (Biscay).