SAZKA increase the value of senior unsecured notes
SAZKA Group will increase the total nominal value of the Notes to CZK 6,000,000,000 due to strong interest from both retail and institutional investors, as well as favourable market conditions for the SAZKA Group business across its markets.
The subscription period started on Friday, 23 August 2019, and to date orders in excess of CZK 5bn have already been received. J&T BANKA a.s., Česká spořitelna a.s., Komerční banka a.s. and UniCredit Bank Czech Republic have been mandated to offer the bonds in the Czech and Slovak markets.
Radek Nemecek, Head of Investor Relations said: “We are delighted to see such traction. We believe this is a testament to SAZKA Group’s strong performance and the stable business model that we have built over the course of the last seven years. This bond also marks one of the largest private issuances by volume in the Czech market’s history.”