Liga NOS: FC Porto launches a bond offer of up to €35m

FC Porto (Liga NOS) is to issue a public offer for the subscription of bonds of up to €35m to which any investor can subscribe, between 10 and 21/05/2021, with a gross annual interest rate of 4.75%, announced the Portuguese club on 04/05/2021.

Up to seven million bonds with a nominal value of €5 will be effectively issued on 26/05/2021 and will mature on 26/11/2023. The minimum investment per purchaser is 300 bonds, or a total of €1,500.

In the first half of 2020-21, FC Porto listed on the stock exchange, posted a turnover (€94.8m) and a net profit (€34.5m) that were up sharply compared to the first six months of the 2019-20 financial year (€52.5m in turnover and a net loss of €51.9m), mainly linked to the club's performance in the Champions League (quarter-finalists in 2020-21, versus elimination in the third qualifying round in 2019-20).

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