FC Porto will issue a new bond loan, associated with the period between 2023 and 2026, with an initial amount of up to 40 million euros and an interest rate of 6.25%, the national soccer champion announced on Tuesday.
According to the brochure published on the official website of the Portuguese Securities Market Commission (CMVM) on the Internet, the subscription period for the general public will run from 8:30 a.m. on May 22 to 3:00 p.m. hours of June 2, this amount may be increased by option of the ‘blue and white’ SAD until May 31.
In a statement, FC Porto details that the subscription price per bond is five euros and the minimum investment is 2,500 euros, corresponding to 500 bonds.
In exchange offers, each bond inherent to the 2021-2023 issue -which must be redeemed on November 26- is worth a bond of five euros of nominal value and a cash premium of 0.05 euros in exchange for the 2023 issue .- 2026.
“The maximum number of bonds that each investor can subscribe/exchange is limited to the maximum number of bonds offered and is subject to the pro-rata process, if demand exceeds supply,” the ‘dragons’ add, on their official website.
Source: TSF
