The bonds with the ticker symbol SBET29 have a fixed annual interest of 11%, with semi-annual payment, and reach maturity on February 13th, 2029.
The total number of bonds subscribed was 148,124, with a nominal value of 100 lei. In the initial public offering, held between 22.01.2025 and 10.02.2025, a total of 328 bondholders subscribed.
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.
“The return of Stanleybet to the Stock Exchange with its second bond listing demonstrates that the capital market represents a solid and viable source of financing for businesses from different fields of activity. The current bond issue was carried out through a public offering, which allowed Stanleybet to reach a wider audience and gain more visibility. We are glad that Stanleybet chose to finance itself through the Stock Exchange and we stand by them for future initiatives on the capital market,” said Radu Hanga, President of the Bucharest Stock Exchange.
Stanleybet’s first issue, with a private placement conducted in August 2021, attracted a total value of RON 20 million, with an annual interest of 10%. The repayment of the entire bond loan took place on the due date, in August 2024.
(English version by Catalina Apostoiu)