Stanleybet returns to BVB with second bond issue

Business Forum
Stanleybet Capital, owner of a network of sports betting and slot machine agencies, has listed its second corporate bond issue worth RON 14.8 million (almost €3 million), on the Bucharest Stock Exchange (BVB).

The bonds, trading under the ticker symbol SBET29, feature a fixed annual interest rate of 11%, with semi-annual payments, and will mature in February 2029. A total of 148,124 bonds were subscribed with a nominal value of RON 100 lei.

Goldring served as the intermediary for the listing.

Stanleybet will use the funds raised to finance its business development strategy and strengthen its position in the industry. Specifically, 30% will be allocated to marketing and promotion for the online division, 30% for acquisitions and expansion of the sports betting network, 20% for entry into foreign markets, and 20% for the retail marketing and promotion plan.

Csaba Tanko, CEO of Stanleybet, stated: "The Stanleybet bond offering proved to be a competitive investment alternative, both in terms of the characteristics of the instrument and Stanleybet Capital's profile as a trusted issuer."

This bond issue is Stanleybet's second, following a private placement in August 2021 that raised RON 20 million (around €4 million). The first bond issue was fully repaid in August 2024.

RECOMMENDED
Agroland bonds start trading on BVB
Finance

Agroland bonds start trading on BVB

Agroland Business System, the company operating the largest network of agricultural stores in Romania, today listed its second issue of its bonds.

New Slovenia-tracking ETF launches on BVB
Finance

New Slovenia-tracking ETF launches on BVB

InterCapital Asset Management, a Croatian independent investment manager with €550 million in assets, is launching a new ETF on the Bucharest Stock Exchange (BVB) starting Tuesday.

GRF+ plans IPO on BVBs AeRO market
Finance

GRF+ plans IPO on BVB's AeRO market

Local communication consultancy Graffiti Plus (GRF+) has announced its intention to go public this year on the AeRO market of the Bucharest Stock Exchange (BVB).

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  26 March, 2025 at 11:00 AM
Business Forum  |  26 March, 2025 at 8:01 AM