Haitong Bank, S.A. acted as Sole Global Coordinator of the bond issue by Sporting Clube de Portugal Futebol, SAD, with a total amount of € 40,000,000, a close to 3-year tenor (25 November 2024), and a gross nominal interest rate of 5.25%.
The bond issue was placed via a public subscription offering with 3.336 investors. The transaction’s initial amount was € 30,000,000, but due to strong demand it was increased to € 40,000,000, final demand surpassed € 53,000,000, covering 1.33x the increased issue size. The main goal of the issue was to diversify and optimize the company’s financing sources, to reimburse the interim financing used for the reimbursement of the Sporting SAD 2018-2021 bonds on November 26, 2021, and the remaining for the development of Sporting SAD’s activities.
Haitong Bank acted as Sole Global Coordinator, therefore reinforcing its role as a reference bank for Portuguese companies seeking access to the capital markets.