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A BOLA - Dragons Bond Loan Result Announcement (FC Porto)

A BOLA – Dragons Bond Loan Result Announcement (FC Porto)

“A very successful operation.” – This is summed up by Fernando Gomez, SAD director of FC Porto and vice-president of the club in charge of finance, when talking about the bond loan, whose subscription period expired last Friday.

According to data revealed by Euronext, the targets of reaching 25 million euros of new bonds and the same amount were achieved in an unprecedented stock exchange for the loan maturing in November 2023.

“I admit we were a bit worried at first because it was our first time launching a bond loan with the right to exchange the bond from an old loan with a new one. We were looking to reduce the impact of our bond loan maturing in November 2023. This first part was successful, and we reached The amount we wanted and we reduced the impact of the new bond loan from 65 million to 40 million. The second part was to get Treasury support in the range of 15 million, it could be up to 25 million, which happened. So this loan comes to the amount we want which is 50 million, We are pleased with the successful operation of the capital market with the use of small investors. We would like to thank CMVM, Euronext and above all the banks that played a very important role in the exchange here. And also to small investors, because they are the core of the success of Porto Club bond loans”, explained Fernando Gomez, citing About the club’s website.