Vista Alegre will issue up to 45 million euros in debt for retail. Offers 5.3% interest – Bonds

Vista Alegre will debut in debt for small investors. The company announced that it intends to issue up to 45 million euros in sustainability-related bonds with a maturity of five years, with a gross annual interest rate of 5.3%. The placement operation of the “Vista Alegre 2024-2029 Bonds” starts next Thursday and runs for two weeks.

“VAA – Vista Alegre Atlantis, SGPS, SA (“Vista Alegre”), which owns the Vista Alegre and Bordallo Pinheiro brands, informs about the launch of a public subscription offer (“Offer”) of up to 90,000 book-entry and nominative bonds common nominal unit value of 500 euros and an initial global value of up to 45 million euros“, the company announced in a statement.

The minimum subscription amount is five bonds (i.e. 2,500 euros). “The operation is aimed at the general public, specifically targeted at natural or legal persons resident or established in Portugal”, indicates the company.

The Vista Alegre 2029 Bonds are Sustainability-Linked Bonds, in that if Vista Alegre does not meet the sustainability performance target defined for the sustainability-related key performance indicator (“KPI”) (Tons of Oil Equivalent (toe) / Tons of good parts) by reference to December 31, 2028, or if the KPI value by reference to December 31, 2028 is not confirmed, you will pay an additional remuneration of 1.25 euros for each obligation on the repayment date.

Haitong Bank, Caixa Banco de Investimento and Millennium Investment Banking are the Global Coordinators of the Offer, assisted by Banco Invest, which plays a Co-lead role in the placement.