Club Atlético River Plate entered the public offering market with the issuance of a guaranteed Negotiable Obligation (ON), a financial instrument that allowed it to access competitive financing rates.
The funds obtained will be allocated to the construction of the new Casa River, located in the Formative Soccer complex on Cantilo Avenue, in Núñez. This initiative is part of the largest infrastructure investment plan in the club's history.
A record placement in the financial market
The placement of the ON far exceeded expectations:
- Offers were received for more than $23,000 million, well above the target.
- The final amount issued was $12,000 million, the maximum planned.
- The margin over the TAMAR rate was 3.89 percent, improving the initial expectation of 4.50 percent.
- 4,374 purchase orders were registered, reflecting the high market interest.
River highlighted that this is the first issuance of its kind by a football club in Argentina, representing a milestone in the diversification of financing sources, offering an alternative to traditional loans and allowing access to a larger investor base.
Issuance details
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Guarantee: The ON is backed by organizing and guaranteeing banks such as Banco Supervielle, Banco CMF, BBVA, Banco de Valores, and Banco Comafi, as well as Latin Securities, Invertir Online, and Allaria.
- Term and amortization: The ON has a maturity of 24 months, with a payment scheme in four semi-annual installments from the issuance date.
Casa River: a home for young talents
The new Casa River will be a 5,000 square meter building, located in the Formative Soccer complex of Cantilo. It will feature kinesiology rooms, gyms, locker rooms, and an educational area with RiverDAR.
Casa River will house 80 young people between 11 and 18 years old, of which between 60 and 70 percent come from homes in poverty. Many come from other provinces, so this initiative guarantees equal opportunities, providing a safe environment and resources for their development.
