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Corporate Bond of Novomatic: Surprisingly High Demand

Published: October 22, 2010; 15:59 · (Vindobona)

Issuing volume has been doubled. The placement process has been closed very early, Novomatic-boss Wohlfahrt is content with the succesful bond issue.

Corporate Bond of Novomatic: Surprisingly High Demand / Picture: © Novomatic

Among investors, the corporate bond of the Austrian gambling operator, Novomatic, is highly popular. The goal of the group´s CEO, Franz Wohlfahrt, was to generate 75 million euros at least. Now, due to the high demand for the seven-year bond, funds have doubled.

Erste Bank Group and UniCredit Bank Austria have been engaged as Joint-Lead Manager. Several other banks were also…

This article includes a total of 139 words.

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