Liga NOS: FC Porto raises €64.8m from bond offer launched in May 2021

FC Porto (Liga NOS) has raised €64.8m from the bond offer it launched on 04/05, according to the club on 24/05/2021.

At the time of the launch of the offer, FC Porto decided to issue seven million bonds with a nominal value of €5, representing a total of €35m, and then doubled the number to reach €70m of potential financing. 93% of this target was therefore eventually achieved. The gross annual interest rate of these bonds, issued on 26/05/2021 and maturing on 26/11/2023, is 4.75% (interest payments are semi-annual). The minimum investment per purchaser was set at 300 bonds, or €1,500 in total.

"The market, once again, met FC Porto's expectations, allowing it to complete its financing needs. The average investment was relatively low and a large number of people actually invested. This means that small and medium-sized investors are the ones who believe in FC Porto the most," said Fernando Gomes, vice-president of the club, on 24/05/2021.

• 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…