IMAP advises healthcare group José de Mello Saúde on €50 million bond issue

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.

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