Playtech Secures €530m from a Bond Offering

[kreslik.news]

Playtech officially announced that the company raised a total of €530 million in a bond sale. Leveraging its size, Playtech has secured funding at a relatively low rate. The company announced that it managed to price the issue at 3.75 percent.

The note which Playtech sold is due in 2023. The company highlighted in its official announcement that it expects the paper to be rated at BB by S&P and at Ba2 by Moody’s.

Playtech’s bonds will be traded on Euronext Dublin and are expected to settle on the 12th of October

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