Stanleybet lists 5-year bond with 11% coupon at Bucharest Exchange
<p>Stanleybet Capital, a holding company that integrates and coordinates a network of sports betting and slot machine agencies, gambling halls, and online gambling platforms, announced the listing of its second issue of corporate bonds at the Bucharest Exchange (BVB).&nbsp;</p>

<p>The non-subordinated, non-convertible, unsecured bonds with a maturity of five years are in a total amount of RON 14.8 million (EUR 3 million) and have an 11% coupon with semi-annual payment.</p>

<p>In the initial public offering, held between January 22 and February 10, a total of 328 bondholders subscribed.&nbsp;</p>

<p>The listing of the bonds was carried out with the support of Goldring as an intermediary.</p>

<p>According to Stanleybet, the funds raised in the new bond issue will be used to finance the business development strategy and strengthen the position in the industry, as follows: 30% of the funds will feed the marketing and promotion budget for Stanleybet's online division; 30% of the funds will finance acquisitions of small players, as well as the expansion of the Stanleybet sports betting network, by opening new locations; 20% of the funds will allow entry into foreign markets, covering both operational and capital expenses; and 20% of the funds will support the retail (on-site) marketing and promotion plan.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: BVB)</em></p>