Sporting’s SAD has increased its issue of outstanding debt securities from 30 million euros to 50 million euros, with a maturity of three years and an annual rate of 5.75%, the company said on Wednesday.
Thus, instead of six million bonds worth five euros per unit, ten million bonds will be issued, an increase of 20 million from the amount announced on March 7, according to information available to the Securities and Furniture Market Commission (CMVM). ).
The Sporting SAD 2024-2027 offer began on March 11 and includes a public subscription offer as well as a debt swap offer, while Leoninsky SAD has already announced the possibility of an increase of thirty million euros until March 20. , which materialized as a result of board discussions held at Tuesday’s meeting and announced to the market today.
The 5.75% gross annual fixed interest rate for this issue is higher than the December 2021 transaction entitled “Sporting SAD 2021-2024”, which offers 5.25% and is subject to the exchange offer offered in currently ‘green and white’ GARDEN.
The minimum subscription amount is 500 items, equivalent to EUR 2,500, and is coordinated by Haitong Bank.
Author: Lusa
Source: CM Jornal
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