Spain's Filmax has raised$25m through US investment groups subscribing to bonds it has issued.

Filmax announced thetransaction, a coup for a 100%-owned Spanish company dedicated to cinema, onThursday afternoon. It was brokered by Barclays Capital for a period of up toseven years.

Filmax, which isheadquartered in Barcelona and whose activities span production, distributionand exhibition, said the transaction would support its strategy of following an "international film studiomodel."

On its feature filmproduction slate are films such as Tom Tykwer's Perfume,currently in post-production; Brad Anderson's Transsiberian, in pre-production; Gary Oldman-starrer The Backwoods; and an ambitious new co-production with Mexicotitled Los Justos.