FC Porto SAD increased from EUR 40 million to EUR 70 million the maximum amount of the bond loan with interest linked to sports success, according to an addendum to the prospectus released today.
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10/11/2026
by
Lusa
A FC Porto SAD increased from 40 to 70 million euros (ME) the maximum amount of the bond loan with interest linked to sports success, according to an addendum to the prospectus released today.
The operation, announced on 28 October, initially provided for the issue of up to eight million bonds, now to a maximum of 14 million, with a nominal unit value of five euros, an increase of 75% of the expected amount.
The new loan is primarily intended to obtain funds to repay the 55 ME of the bond loan “FC Porto SAD 2023-2026”, issued on June 7, 2023, still during the administration led by Jorge Nuno Pinto da Costa, and with expected maturity for December 7, this year.
The transaction thus allows refinancing that debt, replacing bonds with gross annual interest of 6.25% with new securities with a base rate of 5.25% and reimbursement in December 2030.
According to the Addendum, approved by the Securities Market Commission (SCM), the remaining amount is intended to “finance the development of the current business” of the company, as well as the diversification and optimization of funding sources and the strengthening of liquidity.
The loan “Obligations related to sports success FC Porto SAD 2026-2030” includes a public subscription offer and a public offer to exchange securities from the previous loan, which run from November 02 until Friday 15:00.
Bond holders of 2023-2026 may exchange each security for a new obligation plus EUR 0,15625 for interest in the last half of the previous loan, subject to taxes, commissions and other charges.
The basic interest rate on the new loan is 5.25% gross per year and may rise to 6% depending on the results of the main football team.
The increase provides for an increase of 0.15 percentage points for each access to the League of Champions league league league and 0.10 points for each national championship, in the periods from 2026/27 to 2028/29, up to a cumulative increase of 0.75 percentage points.
The issue is scheduled for 18 November 2026, with repayment on 18 December 2030, with the minimum investment in the subscription offer of EUR 2,500, corresponding to 500 bonds.
Addendum estimates at about 67.92 ME the overall net revenue of the operation if the maximum amount of 70 ME is reached.