FC Porto SAD Increases Bond Issue to 70 Million Euros . . Economic Journal
6 Articles
6 Articles
The decision consists of an addendum to the prospectus of the offer, approved by the Committee on the Market for Securities (CMVM) and released this Tuesday. SAD will thus be able to issue up to 14 million bonds, with a unit nominal value of five euros, raising the overall amount of the transaction to 70 million euros.
The loan "Obligations linked to sports success FC Porto SAD 2026-2030" includes a public offer of subscription and a public offer of exchange of securities of the previous loan, which take place from 02 November until 15:00 Friday.
FC Porto SAD has increased from €40 million to €70 million the maximum amount of the bond loan with interest linked to sports success, according to an addendum to the prospectus released today.
Operation allows debt refinancing, replacing bonds with annual gross interest of 6.25% with new securities with a base rate of 5.25% and repayment in December 2030.
The SAD of FC Porto has raised to 70 million euros the maximum total nominal amount of the bond loan to the sports success of FC Porto SAD 2026-2030. The decision results in the increase of the limit of the issue to 14 million bonds. The reinforcement consists of the addition to the prospectus, approved by the CMVM this Tuesday, 10 ... Read more...
The SAD of the dragons reinforced the offer of debt that provides additional interest by means of the sports results of the initial €40 million to the €70 million
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