IMAP Portugal advises healthcare group José de Mello Saúde on €35 million bond issue

IMAP is pleased to announce that Portuguese healthcare group José de Mello Saúde, S.A. closed a bond issue of €35 million for a term of 6 years at a variable interest rate of 3.75%.

The bond issue was placed with institutional investors and listing on the Euronext Lisbon and Luxembourg Stock Exchange regulated markets will be requested.

With this bond loan, José de Mello Saúde intends to finance its current business and refinance existing debt, as well as to extend the average maturity of its liabilities.

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), Banco Santander Totta, S.A. and Caixa - Banco de Investimento S.A. acted as Joint Lead Managers.

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