IMAP is pleased to announce that Portuguese Healthcare Group José de Mello Saúde, S.A. closed a bond issue of €50 million. The new bonds have a maturity date scheduled for 2027 and a floating interest rate corresponding to 6-month Euribor (floor zero), plus a margin of 3.875% per year.
With this bond loan, José de Mello Saúde proceeds with its financial strategy focused on the reduction of its refinancing risk, taking advantage of the current market conditions to extend its debt maturity profile.
José de Mello Saúde has been a leader in the Portuguese Health sector for over 70 years. The group currently manages 9 hospitals (2 of them in public-private partnerships), 1 institute and 6 clinics.
Banco Invest, S.A. (Invest Corporate Finance – IMAP Portugal) and Haitong Bank acted as Joint Lead Managers and Bookrunners. This is the second bond issue that Banco Invest has overseen on behalf of José de Mello Saúde this year.
The new bonds have a maturity date scheduled for 2022 and a fixed yearly interest rate of 3.75%.
Vancity Community Investment Bank (“VCIB”), a subsidiary of Vancity, is a values-based financial co-operative.
Now in its 7th edition, this issue of IMAP’s flagship publication Creating Value, takes an in depth look at Africa, where IMAP recently held its bi-annual international conference for the first time since the company’s inception in 1973.
