Mota-Engil issues €75M in bonds

The Portuguese construction giant Mota-Engil is to issue €75 million in sustainable debt through non-qualified bonds.

The subscription period starts today and takes place at the same time as two offers to exchange shorter-term bonds.
The bonds will be offered to both professional and retail investors with a 5-year or under maturity and a interest rate of 4.25% according to the operation prospectus. The operation has already been approved by the Portuguese stock market commission CMVM.
“The Mota-Engil 2026 bonds will be issued on 2 December 2021. 150,000 bonds will be issued at a nominal unitary value of €500 and a total amount of €75 million which could be increased by option of the issuer.
Mota-Engil 2026 bonds have a 5-year maturity from the date of issue. The first €250 will be reimbursed on 2 December 2025 and the second €250 on 2 December 2026. The gross nominal annual rate will be taxed at the tax rate in force on maturity.
Mota-Engil, which has a substantial Chinese shareholding, aims to make around €3.8Bn in turnover in 2026.