Sporting Lisbon’s Biggest-Ever Bond Sale Raises €225 Million

Sporting Lisbon raised €225 million ($261 million) in its biggest bond sale yet, as it looks to turn its football stadium in the Portuguese capital into a modern entertainment hub and pay down debt.

The bonds, issued through subsidiary Sporting Entertainment, carry a fixed annual interest rate of 5.75% and mature in 28 years, Sporting said in a regulatory filing late Wednesday. JPMorgan Chase & Co. organized the sale, the club confirmed, in line with a Bloomberg News report from July 15.