Czech gaming company Sazka, with lottery operations around Europe, debuted in the euro market on Tuesday with €300m of senior unsecured notes, priced at 4.125%.
The issue, rated BB- by both S&P and Fitch, had a new issuer premium on the coupon, even though it ended up pricing tighter than the initial price talk of 4.25%–4.5%. Similarly rated well-known borrowers of late have managed to issue unsecured bonds regularly in the 2–3% range
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