Betsson AB’s Bond Bonanza: What’s The Deal?
Oh, Betsson AB! Emerging from the world of online gaming like a phoenix from the ashes and diving headfirst into the bond market like a kid in a candy store—but instead of sweets, it’s slinging €100 million worth of bonds! That’s right, on 23 September 2024, this big player in the online gaming arena decided to join the ranks of the bond issuers. And what’s on the menu, you ask? A delectable choice of senior unsecured bonds totaling €100 million out of a generous framework of €250 million. Talk about a statement!
Now, let’s talk numbers. These bonds have a maturity of three years — perfect for those who want a financial fling without long-term commitment (like dating a barista who makes excellent coffee but has an aversion to stable life choices). They also come with a variable interest rate that, along with 3 months EURIBOR, tacks on an extra 3.25 percentage points each year. So, it’s kind of like going for a ride in a convertible: thrilling at first, but you’d better be prepared for unexpected twists and turns!
And what’s a bond issue without a proper airing of the dirty laundry? According to the terms, Betsson is applying for admission to trading these snazzy bonds on Nasdaq Stockholm’s corporate bond list. Fancy, right? They’ve even taken the time to draft up a listing prospectus that’s been approved by the Financial Supervisory Authority. This prospectus is available for your reading pleasure on both the Company’s website, www.betssonab.com, and the Financial Supervisory Authority’s website, www.fi.se. So if you’re in the market for some bedtime reading, there you go!
Now, the action doesn’t stop there. In an eagerly anticipated twist, the first day of trading in these bonds is reportedly set to kick off around November 8, 2024. Mark your calendars, folks! It’s bound to be an event—hopefully with less drama than a reality TV show reunion episode!
For further information, contact:
Martin Öhman, CFO Betsson AB
[email protected]
Now, before we move on, do note that the above information was submitted for publication on November 6, 2024, at 1:30 p.m. CET. Timing is everything, after all!
About Betsson AB
Betsson AB isn’t just another name on the list; it’s a committed owner of fast-growing companies in the online gaming industry. With ambitions taller than a giraffe on stilts, they pride themselves on being one of the largest players in the online gaming scene globally. Their manifesto? Growth that’s not only faster than the market but done in a way that’s profitable and sustainable. Because let’s face it, nobody wants to be the next tragic story of “what happened to that wild cash cow?” Betsson is listed on Nasdaq Stockholm Large Cap under the ticker symbol (BETS-B). Keep an eye on these folks; they might just pull off the greatest comeback since every sitcom that’s ever been canceled only to be revived!
To potential investors, ensuring that transparency is the name of the game.
Today, we have with us Julia Svensson, a financial analyst and expert in capital markets, to dive into the implications and excitement around Betsson’s recent move. Welcome, Julia!
Interview with Julia Svensson
**Host:** Julia, thank you for joining us! Betsson’s entry into the bond market is certainly making waves. What are your first impressions of their decision to issue €100 million in senior unsecured bonds?
**Julia Svensson:** Thank you for having me! Betsson’s move into the bond market is quite strategic. It indicates their strong position in the market and desire to enhance their financial flexibility. With the online gaming sector seeing significant growth, this could very well be a savvy way for them to leverage that momentum.
**Host:** Absolutely! Could you elaborate on the specific terms of these bonds? I know they come with a variable interest rate. What should investors be aware of?
**Julia Svensson:** Yes, the bonds come with a three-year maturity and a variable interest rate tied to the 3-month EURIBOR plus 3.25 percentage points. This structure is appealing for those who are comfortable with potential fluctuations in interest rates. Investors should consider their risk tolerance—while the returns could be higher in a rising rate environment, they could also be less predictable.
**Host:** That’s a great point. Now, what implications does the listing on Nasdaq Stockholm have for Betsson and its investors?
**Julia Svensson:** Listing on Nasdaq Stockholm provides Betsson with greater visibility and credibility in the market. It enhances liquidity for investors, as they can buy and sell the bonds more easily. Moreover, it demonstrates Betsson’s commitment to transparency and regulatory compliance, which can be very reassuring for potential investors.
**Host:** With Betsson’s historical growth and the current market conditions, how do you see this bond issuance impacting their future?
**Julia Svensson:** If managed well, this bond issuance could bolster Betsson’s growth strategy by providing them with additional capital for investments, acquisitions, or expanding their market presence. It also positions them favorably if they’re looking to reduce reliance on traditional bank financing, which can be more expensive and less flexible.
**Host:** Julia, thank you for sharing your insights! It seems like Betsson’s bond bonanza is certainly an exciting development for both the company and its investors.
**Julia Svensson:** My pleasure! It’s definitely a captivating story to watch unfold.
**Host:** And to our viewers, stay tuned for more updates on Betsson and the bond market in the coming weeks!
