Brief: Mota Engil To Issue Up To 50 Mln Euros In Bonds

Mota-Engil, SGPS

26/09/2024 06:58

Sept 26 (Reuters) - Mota Engil SGPS SA  MOTA.LS :
    * SAID ON WEDNESDAY TO ISSUE UP TO 200,000 BONDS FOR UP TO
50
MILLION EUROS THROUGH TWO OFFERS WITH A UNIT VALUE OF 250 EUROS
EACH
    * FIRST PUBLIC OFFER FOR SUBSCRIPTION OF UP TO 200,000
BONDS, WITH
A UNIT VALUE OF 250 EUROS EACH AND WITH INITIAL NOMINAL AMOUNT
OF UP TO 50 MILLION EUROS
    * SECOND PUBLIC OFFER BY EXCHANGING UP TO 200,000 BONDS FOR
UP 50
MILLION BONDS, WITH A NOMINAL UNIT VALUE OF 250 EUROS, ISSUED ON
OCT 30, 2019, WITH REPAYMENT OF CAPITAL ON OCT 30 2024, BEARING
GROSS FIXED INTEREST RATE OF 4.375% PER YEAR
    * EACH MOTA-ENGIL 2024 BOND WILL CORRESPOND, AS
CONSIDERATION,
SUBJECT TO TAXES, COMMISSIONS AND OTHER CHARGES, TO A MOTA-ENGIL
2029 BOND
    * ON ISSUE DATE, ON OCT 16, IN RESPECT OF MOTA-ENGIL 2024
BONDS
EXCHANGED, WILL ALSO BE PAID INTEREST ACCRUED FROM APRIL 30,
INCLUSIVE, TO ISSUE DATE, EXCLUSIVE, IN AMOUNT OF 5.04340278
EUROS FOR EACH MOTA-ENGIL 2024 BOND
    * OFFERS WILL TAKE PLACE FROM SEPT 30 TO OCT 11, INCLUSIVE

        
 Source text: https://tinyurl.com/pyj3tm4b
 Further company coverage:  MOTA.LS  

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