The Benfica SAD bond loan was a “success”, said manager Domingos Soares de Oliveira on Monday when presenting the results of the operation, highlighting the strong demand, which exceeded 2.4 times the available 50 million euros.
“This is a song that’s a success. Of the 14 songs we’ve done, I’ve never found such a high value [ao nível da procura, acima dos 121 milhões de euros]. In 2020, the maximum demand reached 70 million euros”emphasized Soares de Oliveira during the special session on Euronext Lisbon, the manager of the Portuguese stock exchange.
The manager also pointed to the more than 6,000 investors (6,048) participating in the operation, while the average of previous offerings was 4,743 subscribers.
“We have a lot more money and a lot more investors”stressed the official, who was accompanied at the ceremony by President Rui Costa, who did not want to make any statements to journalists at the end of the presentation of the results of the bid.
For her part, Isabel Ucha, president of Euronext Lisbon, congratulated those responsible at Benfica SAD for the operation, revealing that “demand exceeded supply on the first day”.
The new bond loan of SAD ‘incarnated’ has a value of 50 million euros and a term of three years, with an annual interest rate of 5.75%, with the offer divided between acquiring new subscriptions and a public exchange offer (related to a previous issue, from 2020).
Source: DN
