FC Barcelona has successfully completed a €105m issuance of senior secured notes receiving strong backing from US institutional investors, including insurance companies.
The notes mature in October 2036 and carry a fixed coupon of 5.14%.
In a statement on its website the club said: “The success of the operation reinforces international markets’ confidence in the strength of FC Barcelona’s project, as well as in the club’s ability to execute its financial and growth strategy. The high level of demand and the terms achieved in this issuance demonstrate investors’ support for the club’s financial progress.
“This confidence is also reflected in the reduction of the spread required by the market, which has fallen from 240 to 202 basis points compared to the previous issuance, highlighting a more favourable perception of risk and greater confidence in FC Barcelona’s project.”
The proceeds from this initial issuance will be used to strengthen the club’s cash position and to continue advancing the execution of its strategic plan, in line with FC Barcelona’s growth and financial consolidation objectives.
Goldman Sachs acted as lead manager and placement agent for this ten-year bond issue.
