Betsson secures SEK 1bn bond placement

Declaring an ‘oversubscribed placement’, Stockholm-listed Betsson AB has secured its target SEK €1 billion (€90 million) senior secured bond transaction.

This September, Betsson governance moved to sanction a minimum SEK 500 million (€47 million) bond placement, led by Scandinavian investment banks Nordea and Swedbank acting as joint book-runners.

The bonds, placed under a framework of SEK2.5bn, have a tenor of three years and will mature on 26 September, 2022.

As previously communicated, funds from the transaction will be utilised to support Betsson’s ongoing expansion initiatives.

“There has been a strong interest from a broad range of investors in the issue, which was heavily oversubscribed” said Martin Öhman, CFO at Betsson AB.

“We are also happy to see that the interest from large institutional investors throughout the Nordics has been much stronger than back in 2016 when issuing our first bond. It shows that we have the market’s support in our long-term strategy.”

Check Also

Better Collective

Better Collective Spotlight: Thinking beyond the classic affiliate user journey

In this month’s Better Collective Spotlight we had a chat with Edward Fowler (pictured), Marketing …

MontBleu Casino Resort & Spa in South Lake Tahoe

GambleAware reports tracks progress of expanded National Gambling Treatment Service

GambleAware has today published its first statistics tracking the progress and development of the National …

Argentina opts for a higher online gambling tax rate

Passing its federal budget, Argentina’s government has moved to impose a higher rate of tax …