Sazka cuts yield, lengthens term on speedy euro market return
Czech lottery firm Sazka ventured into the euro high yield market again this week, issuing €300m of seven-year senior unsecured notes. The deal comes after Sazka made a successful debut in mid-November.
Sazka, rated BB- by both S&P and Fitch, is one of the largest lottery operators in Europe, with operations in the Czech, Greek, Austrian and Italian gaming markets.The firm's new €300m bond followed on from its debut in the euro market — also a €300m refinancing issue, consisting ...
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