Superbet Bonds Worth Ron 9.7 Million start trading on Bucharest Stock Exchange Corporate bonds (symbol SBG20) of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by Bucharest Stock Exchange (BVB)from September 20, 2017. The bonds which are non-guaranteed, RON denominated, issued in January 2017, maturing in 2020, with a fixed interest rate of 12% per annum, have a total value of approximately RON 9.7 million. “Superbet succeeds to attract money from Romanian investors with this second placement. The money will remain in Romania because it will be used for the development of operations in this country. The money will be invested in expanding both the retail business (i.e. the new betting agencies) and in boosting the online business that has just begun. In the online environment, most of the money is geared towards advanced technology development. The success of the second placement shows the stability and financial health of the company and the group it belongs to. It is what investors always appreciate, in addition to the growth and potential of business growth,”said Vlad Ardeleanu, general manager of Superbet’s multibrand operations. “The bonds season continues at the BVB. Following Globalworth, UniCredit Bank and Vrancart, Superbet has come to offer a new series of corporate bonds. When investors ask for bonds to be placed on the stock market, it means they appreciate a level of liquidity and transparency that contributes to investor safety,” said Lucian Anghel, BVB President. “It is the sixth bond issue listed on the AeRO market and the fourth on BVB this year. We want the admission to trading of corporate bonds issued by Superbet at the Bucharest Stock Exchange to be an example for other companies, regardless of their field of activity. Diversity is the key word on the stock market and we trust that the Romanian business environment will start looking more closely at the capital market,” stated Daniela Serban, IR & PR Director at BVB. Superbet Betting & Gaming S.A. is one of the largest gambling and betting operators in Romania with nearly 1,800 employees and over 600 locations (agencies) offering betting and lottery services, virtual games and more than 2,000 slot machines. The net profit of the issuer increased by 270% in 2016 compared to 2015 and exceeded RON 27 million, according to the admission to trading memorandum. The main investments approved by the company’s management for 2017 aim at expanding the company’s area by opening new work points so that by the end of this year it will be able to operate a number of 670 agencies. Scheduled investments will be made by reinvesting profits in previous years and borrowing, including bond issues. Leave a Reply Cancel Reply Your email address will not be published.CommentName* Email* Website Save my name, email, and website in this browser for the next time I comment.