Barcelona raises 105 million in just two hours!
Barcelona announced on Friday that it succeeded in raising 105 million euros through the issuance of guaranteed bonds maturing in October 2036, with a fixed yield of 5.14%.
The newspaper 'AS' reported that Barcelona will allocate the funds raised to boost the club's cash liquidity, while continuing to implement its strategic plan aimed at supporting growth and strengthening financial stability in the coming years.
Goldman Sachs acted as the lead manager and the entity responsible for marketing and placing this issuance of bonds, which have a maturity of 10 years, with the sale process completed within just two hours of being offered to investors.
The Catalan club explained that the process saw strong demand from international investors, particularly from the United States, with the order book exceeding more than double the amount offered, representing an oversubscription rate of over 200%.
Barcelona added that the entire issuance was covered in less than two hours by a group of American institutional investors, including insurance companies, investment funds, and pension funds.
The club stressed that the success of this operation reflects the confidence of financial markets in Barcelona's project and its strategic plan, noting that the risk margin demanded by investors dropped from 240 basis points in the previous issuance to 202 basis points in the current one, which the club sees as an indicator of improved perception of its financial situation.
Original source: Kooora
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